Mr.A Sale his Flat for Rs.20Lacs. and after this Mr.A purchase new flat from Mr.C.
question is : New purchase flat is mahada flat so previous owner Mr.C cant not sale flat before 5 years. But both seller and purchaser made sale agreement and Mr.A paid money to Mr.C by way of Cheque.
NOW Mr.A can claim U/s54.?
Menu
Capital Gain on sale of property.
Replies (5)
Yes, provided possession of flat is received legally.
Yes, Exemption would be allowed.
yes u can claim
addition to my question flat is not register and stamp duty is not paid, also not transfer share certificate of mahada flat, all documents trs after 5 years, then also can I claim F.Y.17-18.
No.
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
