LAWyersclubindia LCI
Login  Register
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

IT Sec 54 Capital gain

Querist : Anonymous (Querist) 25 May 2011 This query is : Resolved 
R Sirs..GD Morg..

Fact:In 2005 open resident land purchase by Mr.X now he want to sale it and immidiately want to purchase one resident bunglow on his TWO SONS named.

Q.Can Mr.X get exemption benefit u/s 54F ?
Report Abuse
A V Vishal (Expert) 25 May 2011
Yes Mr X is ineligible to claim exemption from capital gains if the property is not purchased in his name.
A V Vishal (Expert) 25 May 2011
Please refer PRAKASH (by legal heir of assessee) Versus ITO & CIT AND OTHERS [2009 -TMI - 33351 - BOMBAY HIGH COURT]
Querist : Anonymous (Querist) 08 December 2011
yes A V Vishal sir is right..

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :



Ask Query
Unanswered Queries

Laws Laws Follow us





Browse by Category

Stay updated with latest Posts!

Course