Cg exemption on payment towards relinquishment
This query is : Resolved
06 July 2015
Assessee has sold a property and is subject to capital gains. Her husband's sisters are relinquishing their share in an ancestral property for a consideration, in favour of the assessee. The consideration is paid out of the proceeds of the sale by the assessee.
Is the assessee entitled to claim capital gain exemption u/s 54/54F on this payment to her husband's sisters?
Is the assessee entitled to claim capital gain exemption u/s 54/54F on this payment to her husband's sisters?
07 July 2015
ASSESSEE CAN CLAIM THESE EXPENSES AS AN AMOUNT TO BE DEDUCTED FROM SALE PROCEEDS.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- Confusion around Form 26QB fields
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
