#section 54
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Sale Value U/s. 50C is to be adopted for deduction U/s. 54F

Exemption U/s. 54F despite delayed investment in Capital Gain Account Scheme

Lump sum alimony is a capital receipt and therefore not taxable

Actual date of transfer relevant for benefit u/s 54 if possession been given before ‘Sale Deed’

Tax on Compensation for Breach of Contract For Sale of Land

Gifting of property will entitle assessee to claim exemption u/s 54 if left with only one

Flats to be constructed by vendee on behalf of co–owners does not constitute non–monetary consideration

How to Start a Primary School in India

Expenses on repairs to put new flat in habitable condition allowable U/s. 54

In absence of supportings addition to existing house may not be treated as construction of new house

Relevant date for allowing benefit U/s. 54 /54F

Deduction u/s 54F available on residential house irrespective of size of house used as residence or by whom it is being resided

Section 54F cannot be denied if Assessee was not exclusive owner of more than one property at the time of Transfer

S.54 Exemption on advance to builder- Non completion of construction & transfer of title
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.
