capital gains

Direct Taxation

Doubt. Sec 54 ,54B,54D,54EC,54F. Is all the above exemption can be claimed only once in the life time?

Balaji R

CA Final

★ 20K+

26-Oct-21 13:23

584

Answers (6)

CA Suraj Lakhotia

Admin

26-Oct-21 13:39

CA Suraj Lakhotia Admin

Sir please tell why they consider which one is beneficial for exemption under section 54F. Why they didn't club both the value and get exempt for that?

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Thread Starter

Balaji R

CA Final

★ 20K+

26-Oct-21 13:47

Each capital gain to be computed separately

CA Suraj Lakhotia

Admin

26-Oct-21 13:53

Sir if asseese claimed for two residential house in AY 20-21.( This claim can be exercised only once in the life time). After in AY 21-22 he need to be claim exemption u/s 54 for one residential house. Can he eligible for this exemption?

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Thread Starter

Balaji R

CA Final

★ 20K+

26-Oct-21 15:08

Thread Starter

Balaji R

For one house, it is available.

CA Suraj Lakhotia

Admin

26-Oct-21 16:58

CA Suraj Lakhotia Admin

For one house, it is available.

Thank you sir

Thread Starter

Balaji R

CA Final

★ 20K+

26-Oct-21 16:58