Circular No. 4/2015 — Section 54/54F — investment in residential house
Date: 2015-01-01 Status: ACTIVE Category: Capital Gains Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Conditions for claiming exemption under sections 54 and 54F on investment in residential house.
Key Directions
- Investment in new house within 1 year before or 2 years after (3 years for construction).
- Capital Gains Account Scheme available if investment not made before ITR due date.
- Lock-in: new house not to be sold within 3 years.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 54 | 74 | Yes |
| 54F | 76 | Yes |
Cross-References
Act Sections
- Section 54
- Section 54F
- Section 74
- Section 76
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars