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Section - 54, Income Tax |
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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 it be allowed as exemption Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
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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