residential or commercial
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 November 2010
A residential property was mainly used for residential purpose and partly used for commercial purpose. This property was sold and in the sale deed it was mentioned as residential house. Suppose the assessee re invest in anoteher residential property Can he claim exemption u/s 54? or he is eligible for exemption only u/s 54F?
09 November 2010
Sec 54 F exemption may be availed.
09 November 2010
You are eligible to get benefit u/s 54 as it is shown as residential property.
if you already have one residential property & the sale proceeds of the property in question may be invested in residential property which also qualifies U/s54F
if you already have one residential property & the sale proceeds of the property in question may be invested in residential property which also qualifies U/s54F
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Should I report my US salary for January, February, March in Schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- 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?
Trending Online Classes
CAclubindia
