The Bombay High Court has held that in order to avail the benefit of capital gain exemption under Section 54 of the Income Tax Act transfer of land is not necessary along with the transfer of residential property. The assessee, a co-owner of a flat situated at Napean Sea Road, Mumbai received the same under […]
The post Transfer of Residential Property need not include Transfer of Land in order to claim Capital Gain Exemption u/s 54: Bombay HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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