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Deduction u/s 54 & 54f

Tax queries 330 views 4 replies

Is service tax paid for purchase of under construction property allowed U/S 54 and 54F ALONG WITH THE SALES CONSIDERATION?

PLEASE REPLY ASASP

Replies (4)

As I understand, it is part of cost of the asset as no input tax credit is being claimed on it.

so, do u mean that it is allowed u/s 54 and 54f

Pls explain the transaction

yes, it is part of cost of property and is allowed u/s 54 and 54f


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