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54 f, 54b

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(Querist)
23 October 2012 Hi All,

When agricultural land sold ( urban) by wife and invested the money in residential prop by husband i e bought in husband's name then who can claim benefit ?
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Sunny Sonwal

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Sunny Sonwal (Expert)
23 October 2012 Benefit can be avail by the wife if that paroperty was in the name of her...ie...property was held on her name.

Both are diffrent taxpayer, so she can only claim for exemption.
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Anand Modi

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Anand Modi (Expert)
24 October 2012 Wife cannot claim exemption




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