Saturday, April 18, 2015

[aaykarbhavan] Sec. 54F relief available in entirety if investment exceeds sale proceeds, irrespective of usage of housing loan



 

Sec. 54F relief available in entirety if investment exceeds sale proceeds, irrespective of usage of housing loan

April 18, 2015[2015] 56 taxmann.com 176 (Karnataka)
IT: Where even before sale of agricultural land, assessee borrowed housing loan and started construction on site belonging to him and after sale of agricultural land, amount spent towards construction of house was more than consideration received, assessee was entitled to benefit of section 54F
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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