Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Exemption u/s 54 - sale of residential property OR vacant land with malba - From the Clause of collaboration agreement, it can be seen that what was transferred / handed over to the builder was the existing structure of the residential property - assessee permanently dis-possessed of 2nd floor onwards in old and new residential property which was long term assets - since new residential property was acquired within two years from the date of transfer - eligible for deduction
Exemption u/s 54 - sale of residential property OR vacant land with malba - From the Clause of collaboration agreement, it can be seen that what was transferred / handed over to the builder was the existing structure of the residential property - assessee permanently dis-possessed of 2nd floor onwards in old and new residential property which was long term assets - since new residential property was acquired within two years from the date of transfer - eligible for deduction
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
