whether exemption u/s 54/54f can be claimed, if y purchased a Plot of Land but can't make construction
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Exemption u/s 54/54f
Replies (3)
No he cant claim exemption he has to compulsory construct the house then only he can claim exemption
U can purchase land along with small shed or house for residential purpose u can eligible for this section.... In sale deed just includes word along with house..
To claim exemption u/s 54 / 54F, one should buy or construct a house, wherein the cost of land on which house has been constructed should be taken along with the cost of house to claim such exemption. Hence buying a plot of land cant be claimed as exemption .
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