TMI BlogCapital Gains Deduction: Full Investment in New Home Qualifies, Even with Mixed Funding, u/s 54.When the capital gain is assessed on notional basis, whatever amount is invested in the new residential house within the prescribed period u/s 54, the entire amount invested, should get benefit of deduction irrespective of the fact that the funds from other sources are utilised for new residential house - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|