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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

LTCG - Entitlement for benefit u/s 54F - If one has invested the ...


Tax Exemption Available u/s 54F for Investing Capital Gains in Residential Property, Even if Incomplete.

January 4, 2019

Case Laws     Income Tax     HC

LTCG - Entitlement for benefit u/s 54F - If one has invested the amount received on sale of capital asset either in purchasing a residential house or in construction of a residential house, even though the transactions are not complete in all respects, the assessee would be entitled for exemption.

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