#section 54
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S. 54 benefit cannot be denied merely because assessee purchases 2 house units

Allottee gets title to property on issuance of allotment letter

Section 54 Exemption on multiple sales & purchases of residential houses

Section 54F Exemption on Land Appurtenant to Building or Investment in Building Construction

s. 54 – Depositing of unutilised portion of capital gain in notified scheme up to expiry of time-limit for filing return U/s. 139(4)

Section 54 benefit on Assets Purchased in foreign country or leased for 150 Years

Section 54 – construction of house should necessarily be complete within two years

Section 54F Exemption Allowed for Delayed Completion Beyond Assessee’s Control

Can assessee claim exemption U/s. 54 for acquisition of more than one house?
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.
