Can we claim 54 and 54F exemptions for investment in one property
This query is : Open
banka sharvani
(Querist)
20 February 2017
we had sold a property which comes under 54 section and sold another property which comes under 54F .Now we have invested in a residential property .can we claim exemptions under both sections for investment in one residential property
20 February 2017
Yes you can claim exemption under both sections.
It is advised to claim Section 54 first and to claim Section 54F next, to avail maximum tax benefit.
It is advised to claim Section 54 first and to claim Section 54F next, to avail maximum tax benefit.
banka sharvani
(Querist)
21 February 2017
If we have claimed exemption u/s 54 in A.Y 2016-17 . Can we claim exemption u/s 54 F in the next assessment year in the same residential house property
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
- Nursery business
- Tax on Amount transferred in HUF Account
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Intimation under section 245
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
