Applying for a Housing Board Allotment Doesn't Qualify for Section 54 LTCG Tax Exemption; Purchase Required for Deduction. https://www.taxtmi.com/highlights?id=50102 LTCG - Deduction u/s. 54 - purchase of residential property - making an application for allotment of a house with West Bengal Housing Board or any other Housing Board is not sufficient to claim exemption u/s.54 en-us Thu, 07 Nov 2019 08:19:32 +0530 Thu, 07 Nov 2019 08:19:32 +0530 TaxTMI RSS Generator Applying for a Housing Board Allotment Doesn't Qualify for Section 54 LTCG Tax Exemption; Purchase Required for Deduction. https://www.taxtmi.com/highlights?id=50102 LTCG - Deduction u/s. 54 - purchase of residential property - making an application for allotment of a house with West Bengal Housing Board or any other Housing Board is not sufficient to claim exemption u/s.54 Highlights Income Tax Thu, 07 Nov 2019 08:19:32 +0530 https://www.taxtmi.com/highlights?id=50102