| Originally posted by :machender | ||
| " | in my view land is different from residential house property. when any structure constructed on it, it will then, become residential property. as section 54 is not applicable to land section 54 exemption can not be availed in ur case. |
" |
This is you earlier post..this is what i said too..right..that 54 cant be availed....may be u dint go thru ma reply fully
| Originally posted by :machender | ||
| " | in my view land is different from residential house property. when any structure constructed on it, it will then, become residential property. as section 54 is not applicable to land section 54 exemption can not be availed in ur case. |
" |
This is you earlier post..this is what i said too..right..that 54 cant be availed....may be u dint go thru ma reply fully
Leave it dude...no prob..lets now see whether we are right..there are other posts where its said that land alone can get d exem...so lets wait for some experts opinion here too
CAclubindia
