Regarding Sec 54 of Income tax act
This query is : Resolved
Quick Summary
Jaswinder singh
(Querist)
01 July 2025
Respected Colleagues,
If Mother sold the residential property and same proceeds invested again in residential property but in the name of her children (Registry in the name of Children), then Is she eligible to claim Sec 54 Exemption in ITR?
If Mother sold the residential property and same proceeds invested again in residential property but in the name of her children (Registry in the name of Children), then Is she eligible to claim Sec 54 Exemption in ITR?
Dhirajlal Rambhia
(Expert)
02 July 2025
Generally such claimed are rejected at first hand. Assessee can appeal for its claim based on favorable case laws.
Dhirajlal Rambhia
(Expert)
27 September 2025
Good luck..
Jaswinder singh
(Querist)
27 September 2025
Thanku sir...............
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