Section 54 Tax Exemption: Selling a House on Leased Land Qualifies if Building or Land is Transferred Separately.

Section 54 Tax Exemption: Selling a House on Leased Land Qualifies if Building or Land is Transferred Separately. https://www.taxtmi.com/highlights?id=46134 Exemption u/s 54 - sale of house constructed on leased land - as per revenue in order to claim benefit of u/s 54, must also transfer the land appurtenant thereto - what is important is that there should be a transfer of capital asset being a building or land appurtenant thereto and being a residential house - The word 'or' cannot be read as 'and' in the context of section 54 en-us Fri, 26 Apr 2019 08:28:40 +0530 Fri, 26 Apr 2019 08:28:40 +0530 TaxTMI RSS Generator Section 54 Tax Exemption: Selling a House on Leased Land Qualifies if Building or Land is Transferred Separately. https://www.taxtmi.com/highlights?id=46134 Exemption u/s 54 - sale of house constructed on leased land - as per revenue in order to claim benefit of u/s 54, must also transfer the land appurtenant thereto - what is important is that there should be a transfer of capital asset being a building or land appurtenant thereto and being a residential house - The word 'or' cannot be read as 'and' in the context of section 54 Highlights Income Tax Fri, 26 Apr 2019 08:28:40 +0530 https://www.taxtmi.com/highlights?id=46134