Dear All,
I require a small clarrification regarding Capital gain section 54 series. Can Assessee be a owner for more than one house property at the time of tranfer of capital Asset.
Please let me know respective provisions for which it deals with.
4 Replies
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13726 Points)
Replied 12 September 2014
In section 54 there is no condition unlike section 54F that the assessee should not be an owner of more than one residential house property at the time of transfer of original asset.
Roopesh Gangisetty
(Article trainee)
(176 Points)
Replied 12 September 2014
Thank you for your response,
Is amendment in Sec 54 (Finance Bill) additionally impose any condition, stating Assessee shall have to own only one house property
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13726 Points)
Replied 14 September 2014
The amendment w.e.f. AY 2015-16 is to the effect that the assessee will get exemption in respect of only one residential house.
Recent Topics
- Download of list of eWay bill of inward supply
- GST Registration & ITC Eligibility
- Income Tax Act rollout schedule
- ITC ELIGIBLEITY
- Legal Services RCM
- Accounting for charitable religious institute
- GSTR -9 FY 23-24 related Query
- GSTR 9 ... table 9... value regards..
- Find the taxable amount from his salary according
- How to d in 44AD
Related Threads
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
