Capital Gains Exemption for Construction of New Floor

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  1. shivamjain

    shivamjain New Member

    is the exemption can be avail when "amount received from transfer of a long term asset sold is invested on construction of new floor of a existing single residential house"
  2. Manoj Mehra

    Manoj Mehra Active Member

    Yes, Capital Gains Exemption is allowed for Construction of a New Floor
  3. shivamjain

    shivamjain New Member

    are you sure? because when i asked my sir who is having a practicing firm (i am registered in) clearly said No.
  4. shivamjain

    shivamjain New Member

    the question relates to section 54F
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