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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Deduction claimed u/s 54 - LTCG - since the purchase of new ...


Assessee denied Section 54 deduction for LTCG as new property bought in wife and daughter's names.

December 18, 2018

Case Laws     Income Tax     AT

Deduction claimed u/s 54 - LTCG - since the purchase of new property/flat is in the name of assessee’s wife and adult daughter and not in assessee’s own name, the assessee is not eligible to claim deduction u/s 54

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