Decision on 54b/54f
This query is : Resolved
21 August 2013
Can anyone please provide me the decision of ITAT Jodhpur or any other on 54B/54F? in case new assets purchased in the joint name of wife. where wife contributed nothing, the name was included only for convenience in case of death of assesse
21 August 2013
What you are actually looking for is not known from your question.
It is very simple that once your wife have not contributed anything then it is your investment and the benefits cannot be taken in 2 hands
It is very simple that once your wife have not contributed anything then it is your investment and the benefits cannot be taken in 2 hands
21 August 2013
Sir, my assesse had sold land and purchased new agriculture land in the name of assesse and his wife jointly. where wife had contributed nothing in purchase of new assets. assesse has claimed deduction under sec.54 B but department had allowed only 50% deduction.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Can partnership firm show income under 44ad
- Banking Related Issue
- Rental income of jointly held property
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
