Exemption u/s 54f is allowed only on agrement value of flat or on entire cost?

Tax planning 212 views 3 replies

Hello, I want to claim exemption u/s 54F by investing in one residential property, my agreement value is around 79lac, Will I get exemption only on agreement value or on an entire purchase cost of an under-construction of a flat which includes stamp duty and registration charges @ 5lac, GST payable on under construction on a flat @ 4lac and one-year advance maintenance charges @ 1lac rupees. + 79lac which is agreement value cost.

Please reply and thanks 

 

Replies (3)

As far as I know , complete cost of acquisition of an new asset value should be eligible for exemption. 

All the said expenses except advance maintenance charges along with agreement value would be eligible for deduction.

Complete cost of acquisition


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