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Capital gain 54 section

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(Querist)
18 April 2024 Father sale property in 2014 . Amount is invested in new house in same year in name of his son. Is he entitled to claim exemption u/s 54?. He died in 2020 . Receive notice in 2023
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
18 April 2024 who has received this notice? is it in father's name or the son? If it is in father's name, then the notice is bad in law and you can simply tell the income-tax authorities that the father expired.

Now, if it is son's name, then you need not worry about section 54.
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