Exemption under section 54 of income tax act
Querist : Anonymous
the words used in the section are purchased OR constructed....
in your case what has happened is you have invested in new flat...
I think it will not amount to PURCHASE
So please check if you can really avail 54 exemption...
Querist : Anonymous
Of course, as you rightly pointed out, you can NOT now change the past except defending the same.
The JUSTICE relies on 2 basic principles in mind.....
01. The thing which should have been rejected does not get accepted and
02. The thing which should have been accepted does not get rejected.
Considering the surrounding situations, at times Courts have given very BALANCED decisions...(Which appear to be LIBERAL)
Same holds good for your case also.... I wish you get a BALANCED judgement.
Querist : Anonymous
Noted Points.
Querist : Anonymous
.
.
Click here to login now
Similar Resolved Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
