Can investors claim Section 54 and 54F exemptions for under-construction homes? Expert explains tax rules, builder delays, Rs 10-cr cap

Taxpayers juggling multiple capital gains events often face confusion on whether both Section 54 and Section 54F benefits can ...

Man sells Delhi property, shifts to Australia; tax dept adds Rs 40 lakh as unexplained cash credit, but he wins in ITAT Delhi

The Income Tax Appellate Tribunal in Delhi has made waves with its recent ruling. Taxpayers can now benefit from capital ...
Tax Guru

Exemption Under Section 54F Allowed for Multiple Flats by Madras HC

The Madras High Court ruled that Section 54F of the Income Tax Act can cover multiple residential units purchased from capital gains, reversing the ITAT’s single-flat ...
moneycontrol.com

Can capital gains exemptions be claimed for the same house under both Section 54 and Section 54F of the Income Tax Act?

Selling a house and some mutual funds but planning to invest both proceeds in one new home to claim tax benefits? Today's Ask Wallet Wise decodes how you can legally claim capital gains exemptions ...
Business Today

How homeowner saved Rs 1.42 cr under Section 54 of I-T Act; CA explain how he did it

A recent ruling by the Bombay High Court and the Income Tax Appellate Tribunal (ITAT) has reaffirmed how a technical detail in tax law can save homeowners crores. At the center of the case was Section ...
Mint

Save big on tax by using your capital gains to buy a house. Here's all you need to know.

Selling long-term capital assets can generate a windfall but also triggers hefty capital gains tax. If you plan on selling some of your assets, you can save on tax using sections 54 and 54F of the ...