Menu
sec 54f
whether construction of additional floor on existing residential property can be claimed as deduction under sec 54f
Replies (2)
No. Unless it is an independent unit.
Section 54F does not provide for exemption in case of renovation or modification of an existing house and what gains exemption is only construction of a new house. Hence, construction of additional floor will not be eligible to claim exemption U/s 54F.
Recent Topics :
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
Related Topics :
CAclubindia
