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Deduction for investment of capital gains for additional floor on the new property purchased.

Tax queries 221 views 2 replies

In question  no. 9 in the attached photo,  can the deduction be allowed  for additional 10lac which were deposited in capital gains account and was later used for construction of additional floor on the new house property purchased for claiming exemptions us 54/54f.?


Attached File : 2217800 20190529054611 screenshot 20190529 054538 drive.jpg downloaded: 123 times
Replies (2)
YES you can claim deduction u/s 54,54b(transfer of urbn agri land),54d,54f (transfer other than residential house property), 54Ec (any asset),54EE (Any asset transfer.)
these section can be claimed only If LTCH
plz read the question first


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