Exemption u/s 54f
This query is : Resolved
Shashikant
(Querist)
13 September 2011
WHETHER PURCHASE OF PLOT FOR CONSTRUCTION IS TREATED AS PURCHASE OF RESIDENTIAL HOUSE. FOR THE PURPOSE OF CLAIMING OF EXEMPTION U/S 54 F.
IF THERE IS ANY CASE LAW OR JUDGEMENT PLEASE REFER TO THIS.
SHASHIKANT
IF THERE IS ANY CASE LAW OR JUDGEMENT PLEASE REFER TO THIS.
SHASHIKANT
Hari Beldona
(Expert)
13 September 2011
New asset-Residential House (not Plot)
Prescribed period for investment:
1.In case of purchase- before 1 year or 2 years after the date of Transfer.
2.In case of construction:3 years after the date of Transfer
Prescribed period for investment:
1.In case of purchase- before 1 year or 2 years after the date of Transfer.
2.In case of construction:3 years after the date of Transfer
13 September 2011
NO, PURCHASE OF PLOT FOR CONSTRUCTION IS NOT TREATED AS PURCHASE OF RESIDENTIAL HOUSE. FOR THE PURPOSE OF CLAIMING OF EXEMPTION U/S 54 F.
Abhishek Ranjan Singh
ARS Solution
email2ars@gmail.com
+91 9022838615
Abhishek Ranjan Singh
ARS Solution
email2ars@gmail.com
+91 9022838615
Shashikant
(Querist)
15 September 2011
Dear sir,
As per circular no 667 of 1993 is says that purchase of plot is considered as residential house for 54F.
As per circular no 667 of 1993 is says that purchase of plot is considered as residential house for 54F.
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
