section 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

For exemption u/s 54F usage of property i.e. residential/commercial decides if assessee owns more than one residential property

For exemption u/s 54F usage of property i.e. residential or commercial has to be considered in deciding if assessee owns…

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

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
  • 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
  • Income Tax

Exemption 54F before its amendment can be given to residential house purchased outside India

Benefit of exemption u/s 54F before its amendment can be extended to a residential house purchased outside India. ITAT allowed…

4 years ago
  • Income Tax

Exemption u/s 54F for plot in the name of HUF allowed by ITAT following High Court judgment

Exemption u/s 54F for plot in the name of HUF allowed by ITAT following High Court judgment as members of…

5 years ago
  • Income Tax

Booking of flat is not date of acquisition for claim of capital gain exemption u/s 54F. ITAT

Booking of flat is not date of acquisition for claim of capital gain exemption u/s 54F. ITAT upheld denial of…

6 years ago