Exemption U/S 54B
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2011
If property is purchased but registry is not done then will I be able to claim the exemption under Sec 54,54B?
17 January 2011
At least Possession letter is required to get benefit.
Message likes :
1 times
18 January 2011
Yes it can be claimed as there is no provision in the Act that Property must be registered. The word puchase is mentioned.
Message likes :
1 times
18 January 2011
For section 54, registration is not imperative.
Citation :- Balraj Vs. CIT (2002) 254 ITR 22(Delhi).
Citation :- Balraj Vs. CIT (2002) 254 ITR 22(Delhi).
Message likes :
1 times
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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
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
