Sec 54
This query is : Resolved
06 July 2013
Assessee transferred his residential house in feb 2012. He has made advance payment of Rs. 600000/- for purchase of another residential flat in the year 2008 feb.. Will such payment be included to claim defuction u/s 54.
06 July 2013
In case the assessee has purchase a house within 1 yr prior to transfer, exemption U/s 54 is available. Against advance paid in 2008, exemption can not be claimed.
.
.
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
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- Sale of Mutual Funds In Diffirent Financial Years
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- Missed TDS
- Rent claimed on building given on permissive possession basis
- ITR 44AD SECTION
- F&O reporting in ITR
- Gst reverse charge mechanism to be claimed in the month of payment
- Itr processing refund
- U/S 194 T
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
