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Income Tax - Highlights / Catch Notes

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Eligibility of deduction u/s 54 - LTCG - The possession of the ...

Income Tax

January 24, 2016

Eligibility of deduction u/s 54 - LTCG - The possession of the said flat was given on 21.02.2009 and agreement for sale was made on 30.03.2009. Old flat was sold on 6th April, 2009. Thus, the claim of exemption u/s 54 made by the assessee was very much well within the ‘window period’ as defined in section 54 - AT

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