54 F DEDUCTION IN RESIDENTIALPROPERTY
This query is : Resolved
18 January 2026
One of client enterd in the purchase of a residential unit, say in January 2026 for under construction. And in February 2026, he sold commercial property.
My query is whether under construction property FIRST and then sell the commercial property. Ccan he get deduction u/s 54 F in Income Tax?
My query is whether under construction property FIRST and then sell the commercial property. Ccan he get deduction u/s 54 F in Income Tax?
18 January 2026
Yes, if the possession is received within specified time limit (3 years) from sell & the remaining payment parked in CGAS account.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GENERATE E-INOICE IF TURNOVER EXCEED 5 CR FROM YODAY
- Fixed asset entry in tally
- Households luggage
- TDS 194IB FY 2025-2026
- Taxability in hand of employee
- Updated return invalid tax paid status
- GST procedure on conversion of Partnership Firm to Pvt Ltd
- Guidance Required for Opening Bank Account for Russian Company’s Branch Office in India
- Re-entering the work force
- Tds short payment certificate no mismatch or not entered in form 26q while filing
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
- TDS Return filing if only have 15G /15H deductions and no other payments
- 80G deduction eligibility
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani -
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
CA Arpita Tulsyan
CAclubindia
