Relief under section 54 - capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2013
In respect of Sale of Residential House, exemption under section 54 is applicable when the sale proceed is invested in Residential House.
1. Please confirm whether it is restricted to only one residential house or more than one.
2. cases in favour of assessee (KC Kaushik 185 ITR 499 (Mum.)) and against assessee (D.Anand Basappa 91 ITD 53 (Ban.))
Kindly give your valuable opinion to advise the client.
1. Please confirm whether it is restricted to only one residential house or more than one.
2. cases in favour of assessee (KC Kaushik 185 ITR 499 (Mum.)) and against assessee (D.Anand Basappa 91 ITD 53 (Ban.))
Kindly give your valuable opinion to advise the client.
18 July 2013
if more then 1house are joint and not seperated then allowed.
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Applicability of GST on Salary Reimbursement Component
- Tds on commission charges
- Regarding Applicability of Tax Audit u/s 44AB
- Salary from Qatar in Dollars in India
- FAST-DS Scheme - Foreign Assets
- CHECK RELATED
- New GST registration for new place of business.
- Dep. as per companies act
- Minimum tax payable to file Updated return
- GST ISSUE OF INPUT AND OUTPUT GST
- Tax rate change regarding
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- 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
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
Quick Links
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
