Question And Answer
Subject: 54/54F
Querist: bs
Answered by:
Tags: , ,
Date: January 2, 2023
Query asked by bs

After amendment to the above sections, is it still permissible to buy 2 adjoining flats with a common entrance/kitchen etc because each flat is too small for a person ? any case law after amendment ?

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As we understand, the last amendment to section 54 of the Income-tax Act, 1961(Act) was vide Finance Act, 2019. The said amendment should not have an effect in the interpretation of section 54(1) of the Act. As per judicial pronouncements, two adjacent flats with common entrance and kitchen have been held to be one single unit.

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