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

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30 Points Posted on 29 May 2019

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.?

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On 29 May 2019 at 05:49 Report
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190 Points Posted on 29 May 2019
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
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On 29 May 2019 at 07:19
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30 Points Posted on 29 May 2019
plz read the question first
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On 29 May 2019 at 10:51

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