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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.
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