Client sold Share worth of 873000 for profit on 24th march 2021 and on June 21st he purchased the house for 32 lakhs (PROFIT FROM SHARES AND SOME BANK LOAN).
Is he eligible for deuction us 54F
Menu
ELIGIBLE FOR DEDUCTION U/S 54F
Replies (2)
Yes, provided he had filed ITR for As 2021-22, after 21.06.2021.
Yes, 54F deduction can be claimed provided the shares sold were long-term capital assets.
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
