if I have 100 yard residential house and out of which I sold 25% portion to construct remaining 75% portion of that property...
then can I claim deduction u/s 54 to adjust construction expense of 75yard property with capital gain arrise due to sale of 25 yard area
??
please advise
Menu
Capital Gain
Replies (1)
You will have to bifurcate the land in 25 and 75 for 25% only you will get that deduction
Recent Topics :
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
Related Topics :
CAclubindia
