#section 54
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S.54 Assessee to offer exemption claimed to tax on return of money given to builder

Deduction we use to forget while computing taxable income

Revised return not become invalid merely for filing after issue of Notice U/s. 143(2)

Exemption U/s. 54 for Reinvestment in 3 residential houses having common amenities?

Section 54-Booking of flat with builder- Purchase or construction?

Section 54 exemption available on amount utilized for purchase of new asset before due date of filing return of income but after filing of ROI

Exemption u/s. 54 cannot be denied Merely for Housing Loan availment by Assessee

Section 54: Prior to amendment on 1-4-2015 no restriction on number of residential property

Section 54 not defines quantum of construction to be eligible for Exemption

Exemption U/s 54/54F eligible on Basement forming part of residential house

Section 54F: Jointly owned house will not be considered in house property calculation

Section 54 not mandates completion of construction with 3 years

Prior to A.Y 2015-16 no restriction on number of residential houses U/s. 54

Two flats in different locations cannot be considered as single residential house for section 54 / 54F
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.
