Deduction u/s 54F - Acquiring rights in property - Assessee in ...

Income Tax

May 20, 2020

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 concerned immediately thereafter. Thus, the asset is required to be held as long term capital asset even if the later date of payment is reckoned. - Gain being LTCG eligible for exemption.

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Deduction u/s 54F - Acquiring rights in property - Assessee in ...

Income Tax

May 20, 2020

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