can you let me know if I go with new tax regim 2020 would I be eligible for section 54f exemption?
Menu
New tax regim/slab 2020
Replies (7)
Allowed
Thank you. One more query. I booked an under construction property in 2017 on loan and I will get possession in 2021 which I will move into. If I sell my other property where I am currently staying in 2021, would I be eligible for 54f exemption?
Yep. be allowed
No then in such case you can't get exemption
Would allotment date or registration date be considered for computation on capital gain exemption under sec 54?
At the time of allotment you may have paid only token amount and also you may not get the possession of the same hence registration date is actually be considered for sec 54
Thank you Amit. There is really confusion on whether allotment/booking date or registration date is being considered for computation on capital gain exemption under sec 54?
Recent Threads
- CAN ICAI EXAMINER'S REMUNERATION BE TAXED U/S 44AD
- Applicability of IGST or CGST/SGST
- Form 26AS Glitch
- Credit counseling services
- Solve questions
- Tax clarification on rental income
- Long term capital loss on Indexation on sale of Re
- ITR 2 validation
- Interest under Section 234B & 234C charged desp
- Deduction for leave encashment 10AA
Related Threads
CAclubindia
