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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

LTCG - exemption u/s. 54 - purchase of new residential property ...


Section 54 Exemption Allows LTCG Benefit for Unregistered Agreements in New Home Purchases, Specific Performance Possible.

September 10, 2018

Case Laws     Income Tax     AT

LTCG - exemption u/s. 54 - purchase of new residential property - though the agreement to sell is not registered, the vendee can seek decree of specific performance on the basis of unregistered agreement to sell - benefit of exemption allowed.

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