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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Experts need help
- EPF FULL & FINAL RULES IN 2026
- Management System (IMS)
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
