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54f exemption from long term capital gains other than residential property

Ramesh Sawdawkar (2 Points)

12 July 2024

availing exemption shouldn't purchase another residential property within one year or two years pl clarify

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182611 Points)
Replied 13 July 2024

Purchases any residential house, within a period of one year after the date of transfer of the original asset;

Constructs any residential house, within a period of three years after the date of transfer

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MPR Sanjay Kumar (3118 Points)
Replied 13 July 2024

Dhiraj lal rambhia sir , if the AIS report shows only Interest income from bank means, can I file the income tax return only these income it is enough to reported CPC can I file

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182611 Points)
Replied 13 July 2024

Check if assessee has any other income from any other source which may not be possible to report in AIS (due to SFT reporting limits), combine those, & file return. AIS reporting is subject to change due to late reporting.