Sec 54
This query is : Resolved
21 January 2015
agar residential house outside india sold karu aur naya house india me purchase karu to kya 54 mil jayega?
22 January 2015
According to me residential status of individual in this case is very important factor : if Indian resident than globle income tax in India, and capital gain arise on transferring residential house outside india used to acquire new residential house in India. Benefits of section 54 can be available.
View presented is personal and subject to vary as per law
View presented is personal and subject to vary as per law
Message likes :
1 times
22 January 2015
if your income taxable in india then you can take this benefit till AY 2014-15.you can take if property any where. but in A y 2015-16 it is compulsory for property with in india. u/s 54
22 January 2015
ye it is allowed so................
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Grand in aid
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
