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Capital Gain exemption u/s. 54

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28 December 2009 If investment is made in residential house property from sale consideration of shares then whether the second person name in the property who has not contributed for the property would be considered as a second house as per sec 54F.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
28 December 2009 No, for the sake of convenience generally second person is added.

When he/she does not contribute to the cost of house, it cannot be said that he/she has acquired the house.
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