The AO denied exemption relying on an inspector’s report citing minimal construction. The Tribunal held that documentary evidence showed a habitable residence, entitling ...

The ruling clarified that exemption under section 54F cannot be denied if it was not part of the reasons for reopening.

If you wish to save income tax on long term capital gains from sale of any specified asset like equities, land, real estate then one of the best ways is to utilise Section 54 or Section 54F or even ...

Section 54F exempts LTCG if the plot sale proceeds are invested in a residential house, provided that the under-construction apartment is completed within three years.

Selling assets like gold or stocks in India can attract substantial taxes, but Section 54F of the Income Tax Act, 1961 offers ...