#Section 54F
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ITAT Pune Upholds 263 Revision: AO’s Failure to Verify 54F Claim Renders Order Erroneous

Multiple residential unit construed as single residential house for exemption u/s. 54

ITAT directs AO to adopt Rs. 60/sq.m FMV and verify Section 54F claims

54F Deduction Allowed on Gain from Sale of Jewellery Inherited Through Will

Relinquishment of Tenancy Right is Capital Gain – 54 & 54F Relief Allowed

FMV as on 01-04-1981 must be based on registered valuer’s report

Section 54F Deduction Allowed if net consideration Utilised by Due Date u/s 139(4)

Dispute of capital gains was remanded to AO as he failed to uphold Principles of Justice

Co-Ownership Not Bar to Section 54F Exemption: ITAT Delhi

Understanding Deductions under Section 54, 54F for JDA for Landowners

Deeming Gains, Not the Asset: Section 50AA Under the Lens

Double taxation is prohibited hence extraordinary jurisdiction under Article 226 and 227 invoked

Exemption Under 54 & 54F In Case of Reconstructed Building: Delhi High Court

Exemption u/s 54F was allowable even though balance payment of consideration for purchase of residential house was made by third-Party
Explore the latest Section 54F 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.
