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2022-04-30
You can claim exemption on cost of making new house habitable. Views of Anushkaa Arora in Business Standard.

Anushkaa Arora, principal and founder, ABA Law Office, says, "If a taxpayer purchases or constructs a house and claims exemption under section 54, and then transfers the new house within three years from the date of acquisition or completion of construction, the benefit under section 54 is withdrawn."

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