Capital gain
This query is : Resolved
09 July 2013
The assessee has sold a portion of his vacant land purchased from his own sources and earned a sizable profit. From the proceeds he constructed a building in the name of his spouse (she don't have income source). My query is whether such construction is eligible for exemption u/s 54 F?
09 July 2013
Yes. It is eligible for Section 54F but looking to the litigation possibilities he should include his name also.
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