#section 54
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Exemption U/s. 54 cannot be disallowed just because exemption was claimed U/s. 54F

4 New Income Tax Tax exemption in Financial Year 2019-20

Section 54 not restrict exemption to sale of one residential house

Date of allotment is date on which purchaser can be stated to have acquired the property

Source of utilization of fund irrelevant for deduction U/s. 54/ 54F

Exemption U/s 54F eligible if delay in investment was beyond control of Assessee

No penalty for claim of exemption u/s 54 instead of section 54F

Deduction U/S 54 Claimed Against House Boat, Not Acceptable

No exemption U/s 54 on purchase of houseboats for residence

Budget 2019 – 5 Major Changes

A Bundle of joy# Budget 2019?

Interim budget has good news for property owners as well

Capital Gain Benefit on Sale of Residential House In Budget 2019 & Computation

Executive Summary of Finance Bill, 2019 ‐ Direct Taxes
Explore the latest section 54 updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
