https://www.taxtmi.com/forum/issue?id=120955 Investment of net sale consideration from transfer of an open land may qualify for exemption under Section 54F when it is applied to purchase or construction of a residential house within the prescribed time. Expenditure on permanent works integral to making the house habitable, such as civil alterations, fixtures, flooring, electrical works, false ceilings, or fixed modular installations, may be treated as part of the cost of construction or permanent improvement if supported by evidence and timing requirements. Expenditure on movable items like furniture, loose furnishings, appliances, or detachable decorative items ordinarily does not qualify. en-us Tue, 09 Jun 2026 13:02:59 +0530 Tue, 09 Jun 2026 22:34:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120955 Investment of net sale consideration from transfer of an open land may qualify for exemption under Section 54F when it is applied to purchase or construction of a residential house within the prescribed time. Expenditure on permanent works integral to making the house habitable, such as civil alterations, fixtures, flooring, electrical works, false ceilings, or fixed modular installations, may be treated as part of the cost of construction or permanent improvement if supported by evidence and timing requirements. Expenditure on movable items like furniture, loose furnishings, appliances, or detachable decorative items ordinarily does not qualify. Discussion-Forum Income Tax Tue, 09 Jun 2026 13:02:59 +0530 https://www.taxtmi.com/forum/issue?id=120955