#Section 54F
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Sec. 54F Allowability of investment in new residential property in the name of spouse

Section 54/54F exemption not available if house purchased is not for residence of the Assessee

Exemption U/s 54F cannot be denied for delay in filing Income tax returns

Final occupation date to calculate Purchase date for section 54F exemption allowed

Deduction u/s 54F on more than one residential flats received by virtue of a development agreement is allowable

Section 54/ 54F benefit cannot be denied for mere non registration of sale deed

Section 50C not applies if Assessee invests entire sale consideration in new house property U/s. 54F

Expense on Renovation of purchased unit is eligible for Exemption u/s 54F

Two different floors of one house property cannot be treated as two different residential houses

Surplus left after claiming deduction U/s. 54F can be set off against LTCG in succeeding year

Trust for sole benefit of an individual can claim section 54F deduction

Subsequent use of property not material for section 54F exemption

Section 54/ 54F: no requirement of investment in new residential house in India prior to 01/04/2015

Full Section 54F exemption despite purchase in joint name
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.
