can we claim exemption u/s 54 if :-
1) a residential house property is booked but still the construction is going and possession of flat will get after one year.AND
2) the old house was in the name of Mr and his wife but the new house is in the name of Mr .A and his son.
Menu
section 54 query
Replies (1)
1. Yes, subject to compliance of other conditions of the section.
2. Yes, but only Mr. A can get the exemption under the section, upto the ratio of holdings in sold property.
Recent Topics :
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
Related Topics :
CAclubindia
