Exemption u/s 54F - assessee hold the the asset for more than 36 ...

Income Tax

June 22, 2019

Exemption u/s 54F - assessee hold the the asset for more than 36 months from the date of allotment of the property - no justification to treat capital gain as STCG by considering the holding period from the date of registration of the property instead of date of allotment - LTCG - exemption allowable

View Source

← Previous Next →

Exemption u/s 54F - assessee hold the the asset for more than 36 ...

Income Tax

June 22, 2019

You may also like:

LTCG - Long term capital assets or short term - Period of holding of assets - Part of the property (i.e. 66.92 sq.mtr. outof 302.86 sq.mtr.) held with the assessee less...

Capital gain - LTCG - capital asset u/s 2(14) - Exemption u/s 54/54F - Right in the asset relinquished/ surrendered after booking of flat - Period of holding - surplus/...

Claim of exemption u/s 54F – amount advanced to his wife towards purchase of the property - assessee has 50% ownership over the property - exemption allowed - AT

Exemption u/s 54F - Mere non residential use subsequently would not render the property ineligible for benefit u/s.54F, if it is otherwise a residential property - AT

Disallowance u/s 54F - Investment of Sale consideration for claiming exemption on LTCG - Advance was given for purchase of new residential property but the transaction...

Deduction u/s 54F - Capital gain arising from depreciable assets is long term capital gain for the purpose of claiming exemption under Section 54F/54E of the

Profit on Sale of depreciable assets may be computed as short term capital gain u/s 50, but eligible for exemption u/s 54F if it is a long term asset.

LTCG - eligibility or claim of exemption of u/s. 54F - As per AO new asset cannot be considered as acquired within 02 years of transfer of original asset - Since the...

Deduction u/s 54F - Acquiring rights in property - Assessee in the instant case has not only been issued allotment letter, he has also made full payment to the authority...

When a house is completed after expiry of three years from the transfer of the original asset, the assessee is entitled to exemption under section 54F - AT

Quick Updates: