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.
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