deduction u/s 54F

  • 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 54F denied for want of proof of delay by builder

Capital Gain exemption u/s 54F denied for want of proof of delay in construction by the builder as per time…

1 year ago
  • Income Tax

Deduction u/s 54 – Assessee cannot be blamed for the delay in housing projects by builder

Deduction u/s 54. Assessee cannot be blamed for the delay in housing projects by the builder as sections 54 and…

2 years 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

Sale of property was LTCG as assessee held it from the date of advance payment

Sale of property was long term capital gain as assessee held it from the date of advance payment and balance…

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 for investment in name of wife allowed following supreme court decision

Exemption u/s 54F for investment in name of wife allowed when non-jurisdictional High Courts had different opinions and no  decision…

4 years ago
  • Income Tax

No bar in claiming deduction u/s 54F in reopening proceedings u/s 147

No bar in claiming deduction u/s 54F in reopening proceedings u/s 147. ITAT direct Assessing Officer to decide exemption afresh…

4 years ago