Capital Gains Section 54F
Querist : Anonymous
On the date of investment i was owning 9 house properties. These properties are being used for commercial purpose (Service Apartment).
Will i be eligible for exemption ?
When you can claim:
Income other nine houses shuld not be chargible under the head of "INcome from House Property"
It may be possible only in case of Composite Rent: Where the owner charge a composite rent and it is not possible to ascertain seprately the rent income and income of other assets.
Querist : Anonymous
Querist : Anonymous
The condition referred is as under:
the income from such residential house, other than the one residential house owned on the date of transfer of the original asset, is chargeable under the head “Income from house property”
Yes it can be claimed
Querist : Anonymous
I think then exemption u/s sec 54F is very restrictive.
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
Click here to login now
Similar Resolved 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
- Intimation under section 245
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- 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
CAclubindia
