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??
CAclubindia
