Section - 54

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..... Section 54 query; Assessee has sold flat and has capital 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 i .....

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..... t be allowed as exemption - Reply By Rama Krishana - The Reply = Yes, purchase of a house and improvement thereof at the time of purchase would qualify the conditions of exemption under section 54. - .....

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..... Section - 54 - Query Started By: - jasjit narang Dated:- 29-6-2009 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Manag .....

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..... ement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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