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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Exemption u/s 54F - assessee was owner of two flats on the date ...


Section 54F Exemption: Co-ownership of a Flat Doesn't Bar Tax Benefits for Capital Asset Transfers.

April 18, 2019

Case Laws     Income Tax     AT

Exemption u/s 54F - assessee was owner of two flats on the date of transfer of capital assets, one was co-owned - owns more than one residential house - a co-owned property cannot be termed as fully and wholly owned by him, thus exemption cannot be denied

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