Section 54
This query is : Resolved
Hardik Sarvaiya
(Querist)
22 November 2010
An Assessee has sold her long term residential house in year 2007-08 and purchase 2 house within time limit.
assessee has purchased neighbor house as 304 and 305, entrance for the both houses are same.
can assessee claim exemption for both houses.
assessee has purchased neighbor house as 304 and 305, entrance for the both houses are same.
can assessee claim exemption for both houses.
CA.Madhusudan B.P.
(Expert)
22 November 2010
When you say 2 house, but entrance is same, Whether two different sale deeds exist or only one?
Moreover when the assessee has sold the house during the year 2007-08, after 2 1/2 years why the question arises?
Moreover when the assessee has sold the house during the year 2007-08, after 2 1/2 years why the question arises?
Hardik Sarvaiya
(Querist)
23 November 2010
yes.. 2 different deeds exists..
Dhirajlal Rambhia
(Expert)
04 July 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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 Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Capital gains in IT returns
- Intimation under section 245
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
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
