sec 54- capital gain deduction
This query is : Resolved
15 October 2008
dear sir,
if a non resident sells residential property in india and buys a residential property in u.k. can he claim exemption u/s 54
if a non resident sells residential property in india and buys a residential property in u.k. can he claim exemption u/s 54
15 October 2008
My view is no.But there is court decision in favour. I shall give the citation today itself by separate reply.
15 October 2008
The citation referred in my earlier reply is as follows:-
Mrs. Prema P Shah vs ITO (2006) 282 ITR (AT) 211 (Mum)
It is a tribunal decision.
Mrs. Prema P Shah vs ITO (2006) 282 ITR (AT) 211 (Mum)
It is a tribunal decision.
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
- Sale of goods to the purchasing party
- OLD REGIM AND NEW REGIM
- Resignation of auditor and appointment and cfss
- HOUSING LOAN ISSUE
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- Partner retired
- RATE AND HSN CODE
- Partnership firm under Section 44AD
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- Maintenance of asset register
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- 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
