https://www.taxtmi.com/forum/issue?id=1306 Expenditure incurred to improve or furnish a newly acquired residential property at the time of its purchase is treated as part of the cost of acquisition for purposes of the exemption under Section 54, and such contemporaneous improvement outlays qualify as qualifying expenditure to secure the capital gains exemption, subject to the statutory conditions attaching to the exemption. en-us Mon, 29 Jun 2009 23:17:29 +0530 Thu, 23 Jan 2025 15:58:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1306 Expenditure incurred to improve or furnish a newly acquired residential property at the time of its purchase is treated as part of the cost of acquisition for purposes of the exemption under Section 54, and such contemporaneous improvement outlays qualify as qualifying expenditure to secure the capital gains exemption, subject to the statutory conditions attaching to the exemption. Discussion-Forum Income Tax Mon, 29 Jun 2009 23:17:29 +0530 https://www.taxtmi.com/forum/issue?id=1306