EXEXMPTION U/S 54 AFTER DEATH OF ASSESSEE
This query is : Resolved
18 December 2024
The property was sold by asessee during the current year FY 2024-25 after selling the property assessee died during 3 months. to take benefit of exemption u/s 54 in whose name investment is to be made in another house and also how to file the IT return for AY 2025-26.
18 December 2024
Register legal heir in the efiling IT profile for the decease person. The legal heir finalize the acts pending on behalf of the deceased. He/she can even file the relevant ITR on behalf of the deceased.
23 December 2024
WHAT ABOUT INVESTMENT??? IN WHOSE NAME CAN WE TAKE PROPERTY TO CLAIM EXEMPTION U/S 54
23 December 2024
After registration as legal heir, the Legal heir can purchase property in his name as representative of the deceased person for exemption claim.
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