Exemption U/S 54
This query is : Resolved
Guest
Guest
(Querist)
29 January 2010
Dear Sir,
In case assessee purchases more than one residential house, than may he claim exemption for all the residential houses purchased u/s 54 or exemption is available only in respect of one residential house.
Thanks.
Yours Truly,
Kunal Agrawal
In case assessee purchases more than one residential house, than may he claim exemption for all the residential houses purchased u/s 54 or exemption is available only in respect of one residential house.
Thanks.
Yours Truly,
Kunal Agrawal
30 January 2010
exemption can be claimed only against one house property
30 January 2010
In case the assessee has purchased more than one house/flat within the period prescribed in section 54, it is for the assessee to claim relief against the purchase of any one of the house/flat provided the other conditions mentioned in the section are satisfied.
K.C. Kaushik v. P.B. Rane, ITO [1990] 84 CTR (Bom.) 62
K.C. Kaushik v. P.B. Rane, ITO [1990] 84 CTR (Bom.) 62
Murtaza I Bhagat
(Expert)
30 January 2010
AGREE TO EXPERTS.
Murtaza I Bhagat
(Expert)
30 January 2010
AGREE TO EXPERTS.
CMA Arif Farooqui
(Expert)
30 January 2010
agree to experts
CA Ravi Sisodia
(Expert)
30 January 2010
agree
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