Hi,
I have invested the 75% of the netconsideration due to sale of a capital asset other than a house, into buying a new house. The remainign 25% of the net consideration I wish to utilise for repairs, extension and imporovement of the new house. What amount of net consideration will I be eligible for exemption under section 54F of the income tax act.
i think... exm should be available for improvement of new house...
still wait for other replies............
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
Prish Consultancy LLP
New Delhi
CA Inter
View Details
Bharat Shah & Associates
Mumbai
CA Inter
View Details
CCI
Pro
CAclubindia
