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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- GST ISD Query on various AMCs
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Missed TDS
- TDS NOT YET CREDIED
- PF wage ceiling
- Itr processing refund
- GST REGISTRATION REQUIRED TO DIAGNOSTIC UNIT
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
