Sec. 54
This query is : Resolved
13 July 2012
Dear sir
There is a query regarding sec. 54:-
I have a residential house in India and i have sold it and pay all the TDS on the capital gain and then purchased a new residential house in USA. Now I want to treat myself as the first person and my son as the second person in the registery of the house. Now will I get refund u/s 54 as it is not at name solely of the assessee. Is there any case law regarding that then please give the reference of that.
Thanks in advance.
There is a query regarding sec. 54:-
I have a residential house in India and i have sold it and pay all the TDS on the capital gain and then purchased a new residential house in USA. Now I want to treat myself as the first person and my son as the second person in the registery of the house. Now will I get refund u/s 54 as it is not at name solely of the assessee. Is there any case law regarding that then please give the reference of that.
Thanks in advance.
13 July 2012
pLEASE FOLLOW THE LINK-
https://taxworry.com/exemption-54f-allowed-property-wife/
https://taxworry.com/exemption-54f-allowed-property-wife/
14 July 2012
Thanks a lot sir
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
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
