Exemption u/s 54 of income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2015
Whether exemption u/s 54 can be availed by both co-owner for construction of house against capital gain arises on joint property sold
CA. Sunil Gokhale
(Expert)
30 November 2015
Yes, exemption can be availed by both co-owners as they are claiming exemption only for their own share in the capital gain.
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