Menu
Capital Gains Deductions
Will complete demolition of old house & construction of new house in that land can be considered as construction of new house for the purpose of Sec54,Sec54F deduction? Pls mention case laws if any.
Replies (1)
Hi,
For sec 54 or 54F land value also consider for deduction, but in your case there is purchase of land so only construction value of house shall be consider for deduction.
For sec 54 or 54F land value also consider for deduction, but in your case there is purchase of land so only construction value of house shall be consider for deduction.
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
