Section - 54

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....ection - 54<br> Query (Issue) Started By: - jasjit narang Dated:- 29-6-2009 Last Reply Date:- 1-7-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>Section 54 query; Assessee has sold flat and has capit....

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....al gain Rs. 40Laks, he is buying a property for Rs. 25 lakhs and buy amenities such as italian marble and modular kitchen of Rs. 15 lakhs. will it be allowed as exemption Reply By Rama Krishana: The ....

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....Reply: Yes, purchase of a house and improvement thereof at the time of purchase would qualify the conditions of exemption under section 54.<br> Discussion Forum - Knowledge Sharing ....