section 54
This query is : Resolved
04 January 2017
if i own 2 residential houses and I sold one of the residential house and purchased another house with the amount received from the sale of house property.Can I claim exemption u/s 54 of the income tax act?
04 January 2017
Yes u can claim that deduction u/s 54 if u have all details to support urself under that section. If u wanna know more regarding that section, visit the following link:-
https://www.incometaxindia.gov.in/Tutorials/16.%20Exemption%20under%2054.pdf
https://www.incometaxindia.gov.in/Tutorials/16.%20Exemption%20under%2054.pdf
04 January 2017
Yes u can claim that deduction u/s 54 if u have all details to support urself under that section. If u wanna know more regarding that section, visit the following link:-
https://www.incometaxindia.gov.in/Tutorials/16.%20Exemption%20under%2054.pdf
https://www.incometaxindia.gov.in/Tutorials/16.%20Exemption%20under%2054.pdf
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
- Tax on Deemed Capital Gain
- TDS on property - Form 141 query
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- IT returns for fresh job holders
- Traces submitting correction statement error
- Banking Related Issue
- Grand in aid
- Average Cost Of High Quality Diamonds
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- 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
