Please Help: Sec 54F
Posted Date : 04-Mar-2015 , 03:42:36 pm | Posted By: Mayank Sethi
Category :
Income Tax | Answers :
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Comments :
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If assessee buy flat in 2011 and pay all amount to builder but he did not receive possession till date. and Assessee take deduction of this in section 54F in that period now it will be reverse or what should done for that? |
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| Posted By : |
11-Mar-2015, 04:18:48 |
| Thank You.. |
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| Posted By : |
11-Mar-2015, 04:15:57 |
| Thank You.. |
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| Posted By : |
10-Mar-2015, 11:28:28 |
| Yes, the assessee will get the benefit of Section 54F even if the possession is not received till date. As in case of Narasimha Raju Rudra Raju v/s Assistant Commissioner of Income-tax, which was in favour of assessee. |
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