Section 54
This query is : Resolved
31 December 2018
Hii,
Can i claim exemption U/s 54 for consideration of sale of residential plot by Investing In another residential plot of land in urban area??
Can i claim exemption U/s 54 for consideration of sale of residential plot by Investing In another residential plot of land in urban area??
01 January 2019
section 54 benefits are applicable only on residential house. Just a piece of residential plot is not eligible for section 54 benefits.
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
- Income Type for interest from government bonds
- Not a CA , can we prepare balance sheet
- TCS ON SOFTWARE SALES
- How to adjusted Deffer-ed expenses
- Are dividend payable on right shares and bonus issue.
- Journal entry of Dividend receivable
- TDS - Form 26QB - Installment - Final payment Query
- ITR 6 Schedule CFL and UD Issues
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- 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
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
