Regarding 54f exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2014
Dear Sir,
I have sold residential plot (by Sale Deed) and purchased a flat (by Sale Agreement).
Can i take exemption u/s 54F ?
Sale agreement is valid for exemption or not? As there is no stamp duty on sale agreement. I made sale agreement on 100 rs. Stamp paper.
I have sold residential plot (by Sale Deed) and purchased a flat (by Sale Agreement).
Can i take exemption u/s 54F ?
Sale agreement is valid for exemption or not? As there is no stamp duty on sale agreement. I made sale agreement on 100 rs. Stamp paper.
10 February 2014
well you may very well be able to claim 54F exemption as in income tax even possession of property is sufficient to claim exemption. However, it may still be in violation of stamp duty provisions
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
- Relief u/s Section 89
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- TDS Challan Code
- SALE BILL AGAINST GOODS RETURN
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- 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
