capital gain tax
This query is : Resolved
sagar hiremath
(Querist)
19 October 2017
Sir, Mr X (retired army) had sold his house in month of may 17 for 13laks...and his son wants to purchase a land for residual purpose in his name and he is also making loan on that land so can Mr X contribute that 13laks in that land and claim exemption under 54F???
Amol S Joglekar
(Expert)
19 October 2017
No.....in order to claim exemption u/s 54F, the father Mr X name should be their in the property to be constructed.
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