Browsing Tag

capital gains exemption

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In a landmark order, the Maharashtra State Co-operative Appellate Court has upheld the removal of 50 defunct members from Irla CHS records, ruling that membership automatically ceases upon transfer of interest during redevelopment.

Can A Residential Flat Used As Clinic Claim Capital Gains Exemption, Meant for Commercial Property?

ITAT holds that using a residential flat as a clinic does not make it eligible for Section 54F exemption, but directs fresh consideration under Section 54.
Many fear getting a tax notice if they invest capital gains in under-construction flats without a registered agreement. But a recent ITAT ruling proves that such buyers can still successfully claim Section 54 exemption.

Sold Old Flat, Invested in Under-Construction Property But No Agreement – Will You Get a Tax Notice?

Many fear getting a tax notice if they invest capital gains in under-construction flats without a registered agreement. But a recent ITAT ruling proves that such buyers can still successfully claim Section 54 exemption.