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Sale of house in my single name

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(Querist)
05 September 2019 Can I invest the sale proceeds(Capital gains) to purchase a flat/house in joint names of my son ,and eligible for tax exemption u/s 54 of IT act.

Arun Kr.Banerjee
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 September 2019 Possible to invest in joint names.
Citation:- Mrs. Jennifer Bhide (2011) 203 Taxman 208 (Kar).
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Amol S Joglekar

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Amol S Joglekar (Expert)
05 September 2019 yes, you can very well do that




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