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Exemption u/s 54 of income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2015 Whether exemption u/s 54 can be availed by both co-owner for construction of house against capital gain arises on joint property sold
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
30 November 2015 Yes, exemption can be availed by both co-owners as they are claiming exemption only for their own share in the capital gain.

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