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Capital gain exmpt u/s 54

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03 November 2011 ASSESSEE SOLD HER RESIDENTIAL FLAT AND WOULD LIKE TO JOIN HER HUSBAND AS CO OWNER FOR THE PROPOSED CONSTRUCTION BY HER HUSBAND. PLOT IS OWNED BY HUSBAND. WHETHER WIFE SHALL GET EXEMPTION U/S 54 FOR INVESTMENT IN CONSTRUCTION OF HOUSE PROPERTY. PLOT OWNED BY HUSBAND AND WIFE CONTRIBUTING FOR CONSTRUCTION COST THUS CLAIMING 50% SHARE IN PROPERTY WHETHER SHE WILL GET THE EXEMPTION??
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DR GAURAV GUPTA FCA, FCS, LL.B

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DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
03 November 2011 yes she will get exemption
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ANIL KEDIA

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ANIL KEDIA (Querist)
04 November 2011 Thanks CA Gaurav
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ANIL KEDIA

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ANIL KEDIA (Querist)
04 November 2011 IS THERE ANY CASELAW ON THE SIMILAR FACTS
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