#Section 54F
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Income Tax
Income Tax
Transaction once accepted as genuine in assessment can’t be raised in reassessment proceedings
Income Tax
Income Tax
S. 54F Exemption can be claimed for residential house purchased outside India
Income Tax
Income Tax
S. 54F Value of entire land appurtenant to building purchased cannot be considered for exemption
Income Tax
Income Tax
Delhi HC Allows Section 54/54F Relief for Multiple Flats in One Building
Income Tax
Income Tax
Exemption U/s. 54F not allowable on amount invested in construction before transfer of original asset
Income Tax
Income Tax
S. 54 Amount not utilized in construction of residential house within 3 years is taxable in the year in which period of 3 years expires
Income Tax
Income Tax
Deduction u/s 54F available on portion of investment made in wife’s name
Income Tax
Income Tax
S. 54F do not differentiate between House in good or bad condition
Income Tax
Income Tax
Assessee can claim exemption under both Sec. 54 & 54F for investment in same house
Income Tax
Income Tax
S. 54F – If two flats were joined together before assessee became owner, the same will be considered as one
Income Tax
Income Tax
S. 54F benefit available even on Value exceeding actual consideration due to deemed fiction U/s. 50C
Income Tax
Income Tax
Deduction U/s. 54F to be disallowed on failure to complete construction within 3 years
Income Tax
Income Tax
Deduction U/s. 54/54F dallowable for purchase of multiple independent house units
Income Tax
Income Tax
Assessee engaged in property trading too can claim exemption u/s 54F
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.
