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Section 54f

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(Querist)
25 July 2017
Good evening sir,

I have a query in respect of section 54F of the I.T. Act, 1961.

Mr. A sells a house property for Rs. 10,00,000/- and invested the sale proceeds to buy a new house property in the name of his spouse.

Can Mr. A. claim exemption U/s 54F on his capital gains ?

Thanks in advance
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
25 July 2017 No he can't.........
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CA ANILKUMAR B.COM ACA DISA

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CA ANILKUMAR B.COM ACA DISA (Expert)
25 July 2017 He can claim. Court decisions are there.
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G. Rajesh

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G. Rajesh (Querist)
26 July 2017 Sir,

can u give me the details about the case and link from where i can download or access the case
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CA ANILKUMAR B.COM ACA DISA

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CA ANILKUMAR B.COM ACA DISA (Expert)
26 July 2017 CIT vs KAMAL WAHAL.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 October 2021 Better to be joint holder in the property, as ITO has his own power...

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