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(Querist)
28 February 2018 if there is a Residential house property held in personal file of karta then can we claim exemption u/s 54F in the file of HUF.
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
28 February 2018 Yes, provided the residential property was purchased/constructed with HUF funds
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
28 February 2018 Otherwise, HUF cannot claim exemption for Karta's property
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