Section 54b exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2015
My client has LTCG on sale to urban agricultural land in the Ay 2009-2010 which he invested in another agricultural land and got registered in the name of his son and has not filed his return of income.
My query is:
1. Whether filing of ITR is mandatory for claiming exemption u/s 54B.
2. Whether exemption u/s 54B is available when he invested in the new agricultural land but got the land registered in the name of his son.
Please reply to the aforesaid queries. Also please suggest case laws if available
My query is:
1. Whether filing of ITR is mandatory for claiming exemption u/s 54B.
2. Whether exemption u/s 54B is available when he invested in the new agricultural land but got the land registered in the name of his son.
Please reply to the aforesaid queries. Also please suggest case laws if available
25 March 2015
1. yes to claim exemption u need to file itr
2. should be atleast the co - owner.
2. should be atleast the co - owner.
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
- Sale of goods from my GST proprietorship firm to my GST HUF proprietorship firm with karta me
- Cash deposited to salary account from gold loan account
- Can huf give gift to karta or kartas wife and son
- Assessment Procedure Us 147
- FY 24-25 Invoice Booked in FY 25-26 & ITC Claimed in FY 25-26
- TDS deduction liability ?
- Itc on computer
- Who is obliged to pay
- Capital goods Cross charges
- How to file ITR for AY 2024-25
- IGST refund with GST amendment deadline over
- ITR revision intimation recd.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
- Gstr 9 and itc
- Clarification regarding IMS
Trending Online Classes
-
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards
CA Bhanwar Borana & CA Aakash Kandoi
CAclubindia
