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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Exemption u/sec. 54F - net consideration computation to be ...


Section 54F Exemption Based on Actual Sale Value, Not Stamp Duty Valuation, for Capital Asset Transactions.

August 31, 2016

Case Laws     Income Tax     AT

Exemption u/sec. 54F - net consideration computation to be invested or value fixed u/s 50C as stamp valuation - Under provisions of Sec. 54F of the Act, net consideration has to be invested in the Residential property but not the deeming value being fiction. - AT

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