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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Exemption u/s 54 - LTCG - Merely because assessee had availed ...


Section 54 LTCG Exemption Valid Even with Home Loan for New Residence, Conditions Apply.

April 7, 2018

Case Laws     Income Tax     AT

Exemption u/s 54 - LTCG - Merely because assessee had availed house building loan from bank for purchasing a new residential unit, that cannot act as a disqualification for claim of exemption u/s 54 when the primary conditions imposed in Sec. 54 of the Act were satisfied. - AT

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