Exemption u/s 54
This query is : Resolved
17 June 2014
Is there any restriction in section 54 for claiming exemption if the assessee holds more than one house(except new house) on the date of transfer
17 June 2014
yes assessee should not own more then 1 house on the date of transfer else no deduction is allowed u/s 54.
17 June 2014
but there is no clear wording in Sec.54, is there any case law on the same?
17 June 2014
but there is no clear wording in Sec.54, is there any case law on the same?
17 June 2014
sorry i referred as 54F, in this case it will not make any diff if he owns more then 1 house on date of transfer.
17 June 2014
is there any case law/rules on it
17 June 2014
its clear in sec 54 as there is no condition that assessee must not own more then 2 house on date of transfer.
17 June 2014
ya ur right, but i want to give written expl. in the off, so i want it in written, can u help me?
17 June 2014
but u quothe bare provision and it will serve your purpose i didnt find any case law on this.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- TDS Challan Code
- SGST balance is there in credit ledger how to adjust for cgst
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
