Regarding exemption in section 54
This query is : Resolved
30 July 2017
Hello
I have a doubt that suppose if i want to claim exemption u\s 54 and in sale deed my name is first and my wife's name is second and in the purchase deed of new house my wife's name is first and my name is second so can i claim exemption u/s 54??
please answer as soon as possible..
if no then what can i do?
I have a doubt that suppose if i want to claim exemption u\s 54 and in sale deed my name is first and my wife's name is second and in the purchase deed of new house my wife's name is first and my name is second so can i claim exemption u/s 54??
please answer as soon as possible..
if no then what can i do?
30 July 2017
All that matters u/s 54 is that the amount of gains should be invested in a new property in assessee's name.
There's no mention about the first name and second name etc
There's no mention about the first name and second name etc
30 July 2017
Yes you can claim exemption.
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