Capital Gain exemption u/s. 54
This query is : Resolved
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.
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.
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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