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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Exemption u/s 54F - LTCG - investment made in the house property ...


High Court Grants Section 54F Exemption for LTCG on US Residential Investment Made Before April 2015 Amendment.

September 3, 2020

Case Laws     Income Tax     HC

Exemption u/s 54F - LTCG - investment made in the house property in USA - the investment in a residential house was made in USA prior to 01.04.2015, whereas, the requirement of making an investment in a residential house, which was incorporated by way of amendment, came into force w.e.f. 01.04.2015 - Benefit of exemption allowed - HC

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