54F - Joint Ownership

Indira (CA ) (1379 Points)

03 March 2022  

Hi

Assessee has sold his shares and has invested in a new residential property. To claim exemption under Section 54F, the assessee cannot own more than one residential property on the date of transfer, other than the one sold.

Now if the assessee has joint ownership in one more property and full ownership in one property, will he eligible to claim exemption under Section 54F.

Thanks