capital gain deduction u/s 54

  • Income Tax

Capital gain exemption u/s 54 allowed for investment made in the name of spouse

Capital gain exemption u/s 54 allowed for investment made in the name of spouse. Purposive construction is to be preferred…

4 months ago
  • Income Tax

Depositing unutilized capital gain amount in a special account is only a procedural matter

Depositing unutilized capital gain amount in a special account is only a procedural matter, and non-compliance thereof cannot result in…

8 months ago
  • Income Tax

Capital Gain Exemption u/s 54 wrongly claimed under section 54F allowed

Capital Gain Exemption u/s 54 wrongly claimed under section 54F allowed being bonafide typographical mistake ABCAUS Case Law Citation:ABCAUS 3739…

12 months ago
  • Income Tax

Payment made by family member for purchase of new property no bar for exemption u/s 54F – ITAT

Payment made by family member for purchase of new property not a bar to assessee in claiming exemption u/s 54F.…

1 year ago
  • Income Tax

Capital Gain Exemption u/s 54 & 54F limited to Rs. 10 crores

Capital Gain Exemption u/s 54 and 54F for investment in residential house limited to Rs. 10 crores Section 54 and…

1 year ago
  • Income Tax

Capital Gain exemption u/s 54 denied for investment not out of sale proceeds

Capital Gain exemption u/s 54 denied for investment not out of sale proceeds ABCAUS Case Law CitationABCAUS 3646 (2023) (01)…

1 year ago
  • Income Tax

Exemption u/s 54F allowed though Sale proceeds deposited in Nationalised Bank not in capital gain deposit scheme

Exemption u/s 54F allowed though Capital Gain sale proceed deposited in Nationalised Bank instead of capital gain deposit scheme account…

3 years ago
  • Income Tax

Renovation of residential house is allowable exemption u/s 54F

Renovation of residential house allowable exemption u/s 54F as it amounts to construction of a residential house. ABCAUS Case Law…

4 years ago
  • Income Tax

Capital gain to be computed first applying exemption then provisions for set off for capital loss

Capital gain to be computed first applying exemption and then provisions for set off of capital loss ABACUS Case Law…

4 years ago
  • Income Tax

Exemption u/s 54F allowed when two sales deed executed to avoid TDS as insisted by vendor

Exemption u/s 54F allowed as vendor insisted for execution of two  sale deeds to avoid TDS as agreement for purchase…

4 years ago