Section 54 of income tax, 1961
This query is : Resolved
08 August 2013
Exemption under section 54 is available whether sale deed is not register.
08 August 2013
IN CASE OF SECTION TWO RESIDENTIAL PROPERTIES ARE INVOLVED. SALE DEED IS THE DOCUMENT THROUGH WHICH ORIGINAL ASSET OR OLD HOUSE IS SOLD BY THE ASSESSEE.
.
HOWEVER, IF YOUR QUERY IS ABOUT THE PURCHASE DEED OF NEWLY PURCHASED HOUSE- REGISTRATION IS NOT COMPULSORY FOR SECTION 54, BUT FOR ALL OTHER
PURPOSES REGISTRATION WILL BE REQUIRED.
.
.
HOWEVER, IF YOUR QUERY IS ABOUT THE PURCHASE DEED OF NEWLY PURCHASED HOUSE- REGISTRATION IS NOT COMPULSORY FOR SECTION 54, BUT FOR ALL OTHER
PURPOSES REGISTRATION WILL BE REQUIRED.
.
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
