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You Can Claim Tax Exemption on House Sale Even If You Missed Filing Original ITR – Technical Delay Won’t Cost You Lakhs!
In a taxpayer-friendly order, ITAT Mumbai has held that deduction under Section 54 cannot be denied merely because no original return u/s 139(1) was filed, as long as the claim relates directly to the escaped LTCG from house sale and reinvestment conditions are met – a boon for common homebuyers facing genuine filing delays.
🏗️ Realty Stocks Open Stable After Budget Jitters and Sunday Sell-Off; Sector Assesses Policy Impact
Real estate stocks opened stable after Sunday’s budget-driven sell-off, with large developers providing support. The sector is consolidating as investors assess the moderate impact of the Union Budget.