LTCG exemption for investment in residential house
Section 54 of the Income-tax Act grants exemption for long term capital gains (LTCG) arising from the transfer of a residential house. Similar exemption is prescribed under Section 54F in respect of LTCG arising on transfer of other capital assets. The time period prescribed under both the sections in respect of purchase is within one year before or 2 years after the date of transfer and in case of construction within 3 years from the date of transfer. Response to a few interesting readers’ queries provide valuable insight into some useful tax saving tips for capital gains.
Investment in one house out of capital gains of multiple years?
هذه القصة مأخوذة من طبعة October 28, 2024 من Ahmedabad Mirror.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 28, 2024 من Ahmedabad Mirror.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Big B comments on 'biased commentary' in test match
Megastar, while celebrating India's victory over Australia in the 1st test match, also mentioned how the team won against all odds
'I'm a film worker'
Bengali Prosenjit Chatterjee explains why he doesn't think of himself as a superstar
Sobhita's wedding rooted in culture
Sources say actress' wedding attire to include traditional jewellery like maathapatti, vanki
Dhanush moves HC against Nayanthara
Actor files petition against Jawan actress and her director husband over copyright
Rashmika hints at Pushpa 3
Actress Rashmika Mandanna, who has wrapped up shooting for Pushpa: The Rule, penned an emotional note on completing her five-year journey on the film's set and even hinted towards the third part for the movie.
Mohd Rafi's son to make biopic
Director Umesh Shukla of OMG fame attached with film
Ananya's idea of romance
Actress says she is not willing to compromise in a relationship now
Existing USFDA-approved drug shows promise for two rare genetic disorders: researchers
A team of Canadian researchers has found an existing US Food and Drug Administration-approved drug that could significantly improve the quality of life for patients affected with Sandhoff and Tay-Sachs diseases—two rare genetic disorders.
Video chats, social media put teens at drug use risk
Online social connections may be driving the relationship between screen time and early adolescent substance use
Air pollution causing lung cancer in non-smokers
Lung cancer is signifi cantly on the rise among nonsmokers in India, and air pollution is a major contributing factor, experts have said as the country, especially the national capital, continues to grapple with poor air quality.
