Section 54 Tax Deduction: Claim Based on Possession Date, Not Purchase Agreement, for New Flat Construction.

Section 54 Tax Deduction: Claim Based on Possession Date, Not Purchase Agreement, for New Flat Construction. https://www.taxtmi.com/highlights?id=5032 Deduction u/s 54 - Purchase of the new flat by the assessee will be treated on the date when the assessee has received the possession after it is constructed and not on the date of agreement for purchase when the flat itself was not in existence. Claim u/s 54 allowed - AT en-us Thu, 30 Aug 2012 15:26:31 +0530 Thu, 30 Aug 2012 15:26:31 +0530 TaxTMI RSS Generator Section 54 Tax Deduction: Claim Based on Possession Date, Not Purchase Agreement, for New Flat Construction. https://www.taxtmi.com/highlights?id=5032 Deduction u/s 54 - Purchase of the new flat by the assessee will be treated on the date when the assessee has received the possession after it is constructed and not on the date of agreement for purchase when the flat itself was not in existence. Claim u/s 54 allowed - AT Highlights Income Tax Thu, 30 Aug 2012 15:26:31 +0530 https://www.taxtmi.com/highlights?id=5032