Capital Gain exemption under 54F
This query is : Resolved
Alkesh Trivedi
(Querist)
20 November 2024
Sir, If my wife earns some amount from mutual fund withdrawals and purchases a house jointly with my son, where the loan is taken by my son, can she claim the benefit of exemption from capital gains tax under Section 54F?
Dhirajlal Rambhia
(Expert)
20 November 2024
Yes, she should have invested equivalent amount in purchase of the HP.
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