Section 54 Tax Relief: ITAT Says Delay in Property Registration Cannot Deny Exemption
ITAT rules that delay in property registration cannot deny Section 54 exemption if capital gains are reinvested on time. Major relief for homebuyers.
Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
Showing 5 of 15 articles.
ITAT rules that delay in property registration cannot deny Section 54 exemption if capital gains are reinvested on time. Major relief for homebuyers.
ITAT rules that owning multiple residential houses disqualifies Section 54F exemption. Strict interpretation of “one residential house” impacts capital gains tax planning.
Can home loan interest reduce capital gains tax under the new tax regime? Learn when interest can be added to property cost, key court views, Section 115BAC rules, and smart filin…
Gifts from relatives are tax-free, but selling gifted property, shares or mutual funds attracts capital gains tax. Know Section 56(2)(x) and Section 45 rules to avoid tax surprise…
ITAT rules that capital losses can be set off against capital gains even when taxed at different rates. Tribunal clarifies Section 70(2), offering major relief to investors and ta…