Hindu Undivided Family Can Claim Section 54B Exemption for LTCG on Agricultural Land Bought in Individual's Name.

Hindu Undivided Family Can Claim Section 54B Exemption for LTCG on Agricultural Land Bought in Individual's Name. https://www.taxtmi.com/highlights?id=58926 Deduction u/s 54B - LTCG - Agriculture land purchased in the name Individual on behalf of HUF - Sale of agriculture land owned by HUF - In substance, the HUF is owner of the said agricultural land though it is registered in the name of the Coparcener, as the HUF is enjoying all the fruits of the said agricultural land. Thus, the HUF is entitled to claim exemption/deduction under section 54B - AT en-us Mon, 26 Jul 2021 17:37:59 +0530 Mon, 26 Jul 2021 17:55:41 +0530 TaxTMI RSS Generator Hindu Undivided Family Can Claim Section 54B Exemption for LTCG on Agricultural Land Bought in Individual's Name. https://www.taxtmi.com/highlights?id=58926 Deduction u/s 54B - LTCG - Agriculture land purchased in the name Individual on behalf of HUF - Sale of agriculture land owned by HUF - In substance, the HUF is owner of the said agricultural land though it is registered in the name of the Coparcener, as the HUF is enjoying all the fruits of the said agricultural land. Thus, the HUF is entitled to claim exemption/deduction under section 54B - AT Highlights Income Tax Mon, 26 Jul 2021 17:37:59 +0530 https://www.taxtmi.com/highlights?id=58926