House Renovation Costs Eligible for Deduction u/s 54F of Income Tax Act, Subject to Verification by Assessing Officer.

House Renovation Costs Eligible for Deduction u/s 54F of Income Tax Act, Subject to Verification by Assessing Officer. https://www.taxtmi.com/highlights?id=65512 Deduction u/s 54F - LTCG - the expenditure incurred by her after purchase of the house for rendering it habitable would be considered as having been incurred for purchase of the said house and would be eligible for deduction u/s 54F, but restore the same to the file of the A.O for the limited purpose of verifying the veracity of the aforesaid claim of the assessee - AT en-us Wed, 07 Sep 2022 09:38:38 +0530 Wed, 07 Sep 2022 09:38:38 +0530 TaxTMI RSS Generator House Renovation Costs Eligible for Deduction u/s 54F of Income Tax Act, Subject to Verification by Assessing Officer. https://www.taxtmi.com/highlights?id=65512 Deduction u/s 54F - LTCG - the expenditure incurred by her after purchase of the house for rendering it habitable would be considered as having been incurred for purchase of the said house and would be eligible for deduction u/s 54F, but restore the same to the file of the A.O for the limited purpose of verifying the veracity of the aforesaid claim of the assessee - AT Highlights Income Tax Wed, 07 Sep 2022 09:38:38 +0530 https://www.taxtmi.com/highlights?id=65512