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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

LTCG - Deduction u/s 54F - assessee is eligible for deduction ...


Section 54F: Deduction for LTCG allowed if new property construction starts before asset transfer, completed in specified time.

October 9, 2019

Case Laws     Income Tax     AT

LTCG - Deduction u/s 54F - assessee is eligible for deduction u/s 54F even if the construction is commenced before transfer of the capital asset and completed the construction within the period provided in 54F of the Act.

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