whether sec 54F exemption will available if new house is not registered in the name of assessee. The assesse has already Two House and he purchased one new house in the name of spouse & himself
Shubham chhajed (mumbai) (54 Points)
20 June 2014whether sec 54F exemption will available if new house is not registered in the name of assessee. The assesse has already Two House and he purchased one new house in the name of spouse & himself
ROSHAN PAUL JOSEPH
(CA Final student)
(311 Points)
Replied 20 June 2014
It is necessary and obligatory to have investment made in residential house in the name of transferor only and not in the name of any other person - [ case law ]
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 20 June 2014
CAclubindia
