The man said that he had invested the entire Rs 1.95 crore from the sale in…
Tag: long-term capital gains exemption
Man sells ancestral agricultural land for Rs 8 crore, buys two properties and claims LTCG exemption; faces Rs 6.36 crore tax additions, why ITAT Chandigarh gave relief under Sections 54B and 54F
The ITAT Chandigarh eventually ruled substantially in the man’s favour on both questions. (Image for representative…
Sold a property funded entirely by you but jointly owned with your wife? You may claim 100% Section 54 LTCG exemption on a new home in your name; what your wife should report in her ITR
Section 54 provides relief from long-term capital gains tax when an individual or HUF sells a…