Section 54f
This query is : Resolved
25 July 2017
Good evening sir,
I have a query in respect of section 54F of the I.T. Act, 1961.
Mr. A sells a house property for Rs. 10,00,000/- and invested the sale proceeds to buy a new house property in the name of his spouse.
Can Mr. A. claim exemption U/s 54F on his capital gains ?
Thanks in advance
Good evening sir,
I have a query in respect of section 54F of the I.T. Act, 1961.
Mr. A sells a house property for Rs. 10,00,000/- and invested the sale proceeds to buy a new house property in the name of his spouse.
Can Mr. A. claim exemption U/s 54F on his capital gains ?
Thanks in advance
CA Rashmi Gandhi
(Expert)
25 July 2017
No he can't.........
25 July 2017
He can claim. Court decisions are there.
26 July 2017
Sir,
can u give me the details about the case and link from where i can download or access the case
can u give me the details about the case and link from where i can download or access the case
26 July 2017
CIT vs KAMAL WAHAL.
Message likes :
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18 October 2021
Better to be joint holder in the property, as ITO has his own power...
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