- Symposium
- 1680 Reads
- 2 Comments
A person sold a land ((Long Term Capital Asset) ) during F.Y. 2014-15 and purchased another land (Plot A) to build a residential house, complete sales conisderation was invested in it and claimed deduction u/s 54F. Next year i.e. during F.Y 2015-16 he sold another land (Long Term Capital Asset) and invested the total sales consideration for consturction of new residential house on Plot A, he claimed deduction u/s 54F next year too. Whether deduction u/s 54F is allowable for two consecutive AYs (All other conditions laid down u/s 54F are satisfied) ?
- Symposium
- 890 Reads
- 0 Comments
In one case notice under section 148 issued on 28.03.2015 for AY 2008-09. The notice was returned unserved. On 31st March Inspector was sent to serve the notice but could not locate the address. Whether the proceedings should be dropped ?
- Symposium
- 775 Reads
- 0 Comments
Whether returns filed u/s 142(1), 148,153A, 153C are processed by CPC, Bangalore ?
How to assess a legal heir in case of assessee died before the start of assessment proceedings and during the assessment proceedings - care that should be taken in these assessments