becker
CIBIL
gst course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Section 54


Vani Sundaram   09 August 2020

Vani Sundaram

 6 points

| My Other Post

Can i claim exemption under section 54 even if I don't posses agreement for purchase of residential property

Yudhishthir Sharma

Yudhishthir Sharma (Article)     09 August 2020

Yudhishthir Sharma
Article 
 13 likes  207 points

View Profile | My Other Post

What type of asset you transferred ?

sabyasachi mukherjee

sabyasachi mukherjee   09 August 2020

sabyasachi mukherjee

 187 likes  4779 points

View Profile | My Other Post

It's a different section for claiming exemption on transfer of capital asset which results in short term capital gain or long term capital gain.
But since u do not hv any agreement of purchase while purchasing the property.Its difficult to sale.

Yudhishthir Sharma

Yudhishthir Sharma (Article)     09 August 2020

Yudhishthir Sharma
Article 
 13 likes  207 points

View Profile | My Other Post

Exemption under sec 54 only on transfer of long term residential house property.

sabyasachi mukherjee

sabyasachi mukherjee   09 August 2020

sabyasachi mukherjee

 187 likes  4779 points

View Profile | My Other Post

But it cannot be transferred in this case since there is no purchase agreement.

Yudhishthir Sharma

Yudhishthir Sharma (Article)     09 August 2020

Yudhishthir Sharma
Article 
 13 likes  207 points

View Profile | My Other Post

Yes mr. mukherjee.

@ Vani sundaram
if you have any ownership document related to such property than you claim exemption, otherwise don't.

sabyasachi mukherjee

sabyasachi mukherjee   10 August 2020

sabyasachi mukherjee

 187 likes  4779 points

View Profile | My Other Post

So the question is not valid.
Sec 54 arises for only long term house property.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Bajaj Finserv

Related Threads


Loading


Trending Tags