section 54 of Income Tax

yes but only if when the person purchsed the property so the same was residential............

if your client acquired a Commercial property then tyhe same cannot be treated as resdiential property..............

Hey thanx but can u tell me one more thing in case the client is using the basement for official purpose and upper floors for residence in naraina industrial area then can he claim exemption u/s 54 for the whole property?

Originally posted by : Rachit
	yes but only if when the person purchsed the property so the same was residential............ if your client acquired a Commercial property then tyhe same cannot be treated as resdiential property..............

Sir as i sad you early my answer will remain the same 

if he acquired the whole property as residential then he can claim ded. otherwise he will not be able to do the same..............