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Income Tax - Highlights / Catch Notes

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Deduction u/s. 54 - the booking of bare shell of a flat is a ...


Bare Shell Flat Booking is House Construction u/s 54, Deductions Based on Completion Date, Not Booking Date.

May 14, 2019

Case Laws     Income Tax     AT

Deduction u/s. 54 - the booking of bare shell of a flat is a construction of house property and not purchase, therefore, the date of completion of construction is to be looked into which is as per provision of section 54 - time window of three years period available to assessee - deduction allowed

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