Section 54F Income Tax Capital Gains Tax Exemption if investment in residential house This Article on Section 54F Income Tax is written by CA satbir Singh (Contact us Taxheal@gmail.com ) Summary of Section 54F Income Tax Section 54F of Income Tax Act is Inserted by the Finance Act, 1982, w.e.f. 1-4-1983. Exemption under Section 54F… Read More »
Limiting the roll over benefit claimed under section 54 and section 54F BUDGET 2023-24 MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2023 The existing provisions of section 54 and section 54F of the Income-tax, 1961 (the Act) allows deduction on the Capital gains arising from the transfer of long-term capital asset if an assessee,… Read More »
INCOME TAX में बड़ी राहत I House Purchase in Wife Name I section 54F I CA Satbir Singh Download Click here
Date of Possession of Flat to be taken for Section 54F Relief : ITAT IN THE ITAT INDORE BENCH Yogesh Jhingan v. Deputy Commissioner of Income-tax-(Central) CHANDRA MOHAN GARG, JUDICIAL MEMBER AND MANISH BORAD, ACCOUNTANT MEMBER IT (SS) APPEAL NO. 100 (INDORE) OF 2017 [ASSESMENT YEAR 2010-11] OCTOBER 5, 2021 Sumit Nema, Sr. Adv., Gagan Tiwari and Piyus Prashar,… Read More »
Income Tax Sec 54F Tax Relief if Payment made to builder before sale of Assets I CA Satbir Singh
Income Tax Order on Capital Gains Deduction u/s 54F if not invested in own Name I CA Satbir Singh Download Order Click here
बेटी के नाम House लिया तो भी मिलेगी Section 54F की Income Tax छूट I CA Satbir Singh
There can be a situation that the family of the assessee is quite large, comprising of several members in the family and therefore he needs two properties adjacent to each other to accommodate his family members. So from the point of view of the assessee, it is single property but he got two different properties… Read More »
Shri N. Ramaswamy Vs ITO (ITAT Chennai) ITA No. 925/Chny/2019 06/12/2019 Related Assessment Year : 2014-2015 FULL TEXT OF THE ITAT JUDGMENT This appeal of the assessee is directed against the order of the Principal Commissioner of Income Tax -1, Chennai, dated 12.02.2019 for the assessment year 2014-15, passed under Section 263 of the Income-tax Act, 1961… Read More »
Held :- In our view deposit of money by the assessee inter-alia in mutual fund prior to purchase of residential house albeit will not make any difference if the assessee had purchased the residential house within the time provided by the Act ACIT Vs Shri. Sunil Bandacharya Joshi (ITAT Bengaluru) Appeal Number : ITA No.… Read More »