SEC 54 F
This query is : Resolved
Guest
Guest
(Querist)
07 June 2009
SUPPOSE I HAVE 2 JEWEELARY SET WHICH I PURCHASED ON DIIFERENT YEAR AND ALSO I SOLD THEM IN DIIFERENT DATE BUT OF THE SAME P.Y.
TO GET FULL EXEMTION US 54F I PUCHASED A RESIDENTIAL HOUSE WHOSE COST IS EQUAL TO THE FULL VALUE CONSIDERATION OF BOTH JEWELLARY SET, SO WILL I GOT EXEMPTION FOR THE JEWEELARY SETS OR IT WILL ATTRIBUTABLE TO A SINGLE JEWEELARY SET?
TO GET FULL EXEMTION US 54F I PUCHASED A RESIDENTIAL HOUSE WHOSE COST IS EQUAL TO THE FULL VALUE CONSIDERATION OF BOTH JEWELLARY SET, SO WILL I GOT EXEMPTION FOR THE JEWEELARY SETS OR IT WILL ATTRIBUTABLE TO A SINGLE JEWEELARY SET?
CA Sanjeev Kr Jain
(Expert)
08 June 2009
if gain from both sets are LTCG than no problem
Ratan Sharma
(Expert)
08 June 2009
you will be entitled for deduction.
08 June 2009
Agree with the experts
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
