Property purchase exemted
This query is : Resolved
17 August 2013
Sir
When Residential Property Sold & Buy 1 another Residentail Property then in which section we claim Exemption of Purchase of Property
When Residential Property Sold & Buy 1 another Residentail Property then in which section we claim Exemption of Purchase of Property
17 August 2013
It is u/s 54F. As per 54(1) you can utilise the sum of gross receipts for purchase of residential unit or house and if you fail to purchase before the due date of filing of the return then you have to deposit the entire money in a capital gain account and then utilise the same as per the provisions of section 54F(4)
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- TDS RATE ON RENT PAID TO NRI
- Income Type for interest from government bonds
- FREELANCING ACCOUNTANT
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- Gstr 9 2023-24
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- ITR 6 Schedule CFL and UD Issues
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
