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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Exemption u/s 54 - determination of cost of acquisition of new ...


Section 54 Exemption Partly Allowed: Legal Fees, Civil Work, Transfer Charges, and Improvement Costs Considered for New House Acquisition.

December 20, 2013

Case Laws     Income Tax     AT

Exemption u/s 54 - determination of cost of acquisition of new house property - Legal fees toward purchase of the new asset - Civil work expenses - Transfer charges builder seller - Expenses on improvement – Partly allowed in favour of assessee - AT

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