Deduction u/s 54f
This query is : Resolved
DEVI SINGH PARIHAR
(Querist)
26 July 2019
If a person sale a plot which is in joint name with his spouse and invest whole sale consideration in purchase of a house in joint name with his spouse whether deduction u/s 54F is allowable or not. Both husband & wife already having a single house in joint name on date of sale of this plot. pls reply.
CA ABHAY GUPTA
(Expert)
26 July 2019
Yes they can do so... but remember they need to wait for 2 years..
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