Section - 54

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Section - 54
Query (Issue) Started By: - jasjit narang Dated:- 29-6-2009 Last Reply Date:- 1-7-2009 Income Tax
Got 1 Reply
Income Tax
Section 54 query; Assessee has sold flat and has capi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tal gain Rs. 40Laks, he is buying a property for Rs. 25 lakhs and buy amenities such as italian marble and modular kitchen of Rs. 15 lakhs. will it be allowed as exemption Reply By Rama Krishana: The .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Reply: Yes, purchase of a house and improvement thereof at the time of purchase would qualify the conditions of exemption under section 54.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X