Section 54F deduction
This query is : Resolved
30 August 2022
I had recently sold a listed stock resulting in a long term capital gains. I already own one house and had entered into buying an apartment in 2014. I had made several instalments till 2019. However, the sale deed for the property was finally registered on 31st march 2022. Will I be able to claim deduction under section 54F of the act for the capital gains as the registration of sale deed happened within 1 year prior to the capital gains.
30 August 2022
As the payments were made in installments, it is said to be construction of house property, and hence sec. 54F will not be applicable in the payments made before sale of the stocks.
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
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Journal entry of busniess expenses
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- GST not cancelled by tenant
- EXPORT COMMERCIAL INVOICE HSN CODE
- NRI starting business in India
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Filling ITR - U
- Form 140 tds
- 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
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
