Exemption u/s. 54
This query is : Resolved
02 June 2014
A lady (resident) and her daughter (NRI) sold two house properties held individually by them and capital gain arised on these two separate transactions.
Can both of them invest in one house property jointly to claim the exemption u/s. 54 from capital gain arising on two different transactions?
Can both of them invest in one house property jointly to claim the exemption u/s. 54 from capital gain arising on two different transactions?
Amol S Joglekar
(Expert)
02 June 2014
yes, they can......(The amount, however should be claimed to the extent of investment by eavch of them)
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