#Section 54F
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Income Tax
Income Tax
Section 54F: Jointly owned house will not be considered in house property calculation
Income Tax
Income Tax
Section 54 not mandates completion of construction with 3 years
Income Tax
Income Tax
Prior to A.Y 2015-16 no restriction on number of residential houses U/s. 54
Income Tax
Income Tax
Two flats in different locations cannot be considered as single residential house for section 54 / 54F
Income Tax
Income Tax
Sec 54F- A Brain Teaser !
Income Tax
Income Tax
Section 54/ 54F Flat booked with builder can be considered as construction of flat
Income Tax
Income Tax
Deduction U/s. 54F cannot be denied for Non-completion of construction of new residential house within specified period of three years
Income Tax
Income Tax
Sec 54F not prescribe any condition as to date of commencement of construction of new house property
Income Tax
Income Tax
Assessee cannot claim exemption U/s. 54F and 54EC for investment made by spouse
Income Tax
Income Tax
Exemption u/s. 54 is available even in respect of two house property / flats
Income Tax
Income Tax
Deduction U/s. 54F for Property purchased in name of individual co-parcener by HUF
Income Tax
Income Tax
Sec. 54 Cost of residential house includes cost of furniture if it forms part of house Purchase
Income Tax
Income Tax
Deduction U/s. 54F cannot be claimed on Capital gains arising in the hands of spouse
Income Tax
Income Tax
Deduction u/s. 54F not available on unutilized consideration not deposited in specified accounts before due date
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.
