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Section 54
Can i claim exemption under section 54 even if I don't posses agreement for purchase of residential property
Replies (6)
Quick Summary
What type of asset you transferred ?
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.
But since u do not hv any agreement of purchase while purchasing the property.Its difficult to sale.
Exemption under sec 54 only on transfer of long term residential house property.
But it cannot be transferred in this case since there is no purchase agreement.
Yes mr. mukherjee.
@ Vani sundaram
if you have any ownership document related to such property than you claim exemption, otherwise don't.
@ Vani sundaram
if you have any ownership document related to such property than you claim exemption, otherwise don't.
So the question is not valid.
Sec 54 arises for only long term house property.
Sec 54 arises for only long term house property.
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