SEC 54F
This query is : Open
Guest
Guest
(Querist)
07 June 2009
1).KYA YE SAHI HAI KI SEC 54F KE LIYE AGAR LAND PURCHASE KARE CONSTRCTION KE LIYE TO EXEMPTION MILEGA?
AGAR HAI TO WHAT IF CONSTURCTION IS NOT DONE, IS THE EXEMPTION AMT WILL BE TAXABLE?
2).KYA YE BHI SAI HAI KI YA TO APAN CGAS ME DEPOSIT KARE YA RESIDENTIAL PROPERTY PURCHASE KARE (MATLAB KYA DOMO ME SE KEVAL 1 OPTION AVAILABLE HOGA KYA)?
AGAR HAI TO WHAT IF CONSTURCTION IS NOT DONE, IS THE EXEMPTION AMT WILL BE TAXABLE?
2).KYA YE BHI SAI HAI KI YA TO APAN CGAS ME DEPOSIT KARE YA RESIDENTIAL PROPERTY PURCHASE KARE (MATLAB KYA DOMO ME SE KEVAL 1 OPTION AVAILABLE HOGA KYA)?
CA Sanjeev Kr Jain
(Expert)
08 June 2009
purchase as well as construction are reqired onpy land purchase is not sufficient however construction can be completed in the period allowed
both can not be claimed
both can not be claimed
Message likes :
1 times
Ratan Sharma
(Expert)
08 June 2009
54F me residential house k construction k liye exemption hai. 3 sal k bhitar construction karna hoga. Agar aapne sirf plot le kar bad me construction nahi kiya to aapko benefit nahi milega. plot ki value ka benefit bhi aapko 54F k liye milega.
Dono section ka benefit nahi milega.
Dono section ka benefit nahi milega.
Message likes :
1 times
Ratan Sharma
(Expert)
08 June 2009
Frankly speaking in my opinion deduction under both section should have been allowed. i.e. u/s. 54EC as well as under 54 F. U will certainly get the benefit of both the sections but for that there is no remeady at ITO level. U have to fight upto high court. But u will definately win if u claim deduction under both the sections.
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
