banner_ad

Deduction under 54

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 December 2014 can d deduction be claimed u/s 54 as the assessee has sold one house and invested capital gain in purchase of property as well as construction of property. as the wording of law are purchase OR constructed.. whether both are allowed as deduction u/s 54
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
15 December 2014 Yes, so far as section 54 is concerned, the courts have taken the VIEW as PLURAL
A 54 benefit may be available for both the situations.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
15 December 2014 you can get the benefit if it is single property not the more than one property.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details