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Section 54F benefit

This query is : Resolved 
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(Querist)
23 June 2009 The assessee husband sold commercial building acquired by him from his father after death of his father.
Now the assessee husband want to construct a residential house on land purchased by his wife.
Whether sec 54 F benefit can be availed by husband on amount incurred on constructing the house.
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M Prabhakar Menon

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M Prabhakar Menon (Expert)
23 June 2009 Yes he can
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