banner_ad

Capital gain exemption on sale of house

222 views 3 replies
User Avatar

Manager of Accounts
165 Points Posted on 24 July 2023
Assessee sold his house in FY 2022-23.. Invested the sale proceeds completely of 40 Lakhs in construction of house (Land owned by son in law)..Can LTCG exemption be claimed under section 54 by assessee ?
0 Reply Share Follow
On 24 July 2023 at 14:23 Report
Replies (3)
User Avatar

SEO Sai Gr. Hosp.
211711 Points Posted on 24 July 2023

Yes, provided he has NOC to use the land for his house construction and stay, from his SIL.

Reply
On 24 July 2023 at 15:03
User Avatar

Manager of Accounts
165 Points Posted on 24 July 2023
Thank you Sir
1 Reply
On 24 July 2023 at 15:16
User Avatar

SEO Sai Gr. Hosp.
211711 Points Posted on 24 July 2023

Most welcome.                   

Reply
On 24 July 2023 at 15:29


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details