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