Menu
54f(1) places one year restriction whereas 54f(2) 2 years LTCG
Pl clarify basic differences between 54f(1) and 54f(2) LTCG
Replies (1)
1. In first case it is the denial of applicability of the section, where as in second case it is the reversal of the deduction claimed.
2. Tax liability in first case is in the same year of sale of original asset. While for second case the tax liability arises when the new HP is purchased/constructed.
Recent Topics :
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
Related Topics :
CAclubindia
