#Section 54F
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Income Tax
Income Tax
Section 54F – Mere letter of allotment cannot be considered as investment in residential house
Income Tax
Income Tax
Residential unit of 8ft x 8 ft dimensions cannot be treated as Building – Section 54
Income Tax
Income Tax
Section 54/54F – Amount paid towards booking is to be treated towards ‘construction’
Income Tax
Income Tax
No Section 54F exemption on Property Purchased in married daughters name
Income Tax
Income Tax
Benefit U/s. 54 / 54F on property jointly held by assessee with wife for Security Purposes
Income Tax
Income Tax
No concealment penalty for denial of exemption U/s. 54F for non completion of purchase deal due to dispute
Income Tax
Income Tax
Section 54F relief remains despite commercial use of residential house
Income Tax
Income Tax
Section 54F requires only the assets to be purchased within specified time, date of booking / payment not relevant
Income Tax
Income Tax
Section 54F not available if construction of house takes place prior to transfer
Income Tax
Income Tax
For exemption u/s. 54F approval of building plan is not necessary
Income Tax
Income Tax
For availing exemption u/s. 54F approval of building plan is not necessary
Income Tax
Income Tax
Due date’ U/s. 54F is due date for filing return U/s. 139(1) and not U/s. 139(4)
Income Tax
Income Tax
S. 54F Investment can be made from amount other than the sale consideration
Income Tax
Income Tax
Section 54F cannot be disallowed merely because construction was not complete in all respects within stipulated period
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.
