#Section 54F
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Sec. 54F exemption for deposit in saving a/c instead of capital gain a/c scheme

For claiming deduction u/s 54F mere bank statement showing withdrawal of amount is not sufficient

Exemption U/s. 54F cannot be denied if assessee having 2 houses, gifts one house to her spouse prior to transfer of long term capital asset other than residential house

Capital Gain – Tips to save tax on Transfer of Assets

Section 54F – Assessee cannot be presumed to be owner of Property Purchased by Minor Daughter Out of own resources

Section 54 places thrust on investment & not on completion

Sec. 54F exemption cannot be denied for mere delay in construction completion

Section 54/54F exemption cannot be denied if amount been invested within time allowed u/s 139(4)

Section 54/54F Exemption if more than one new flats constitutes one residential house?

HC grants exemption U/s. 54F on construction of new house after demolishing of old one

Entering of agreement to sell amounts to Purchase U/s. 54 as it creates rights in favour of buyer – SC

Two Flat Merged into one eligible for Exemption U/s. 54 – Bombay HC

ICAI suggests Certification of deductions claimed U/s. 54, 54F, 54EC etc

Section 54F – Allotment date not relevant if Assessee made substantial payment for acquisition of new Flat
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.
