Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Taxpayer Eligible for LTCG Exemption u/s 54/54F by Investing Basement Sale Proceeds in Residential Property.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Section 54/54F - exemption eligibility - LTCG - investment in residential property out of amount received from sale of basement - the basement is part and parcel of the same building, therefore, we cannot do any violence to the section and the provision has to be read as it is. - AT....