Capital gain exemption

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if a property purchased out of sale proceeds of another property and purchased property is registered in joint name (father and daughter) whether father can claim deduction us 54 for whole purchase amount?
Replies (3)
Which type of property sold ?
What is the share in new property of father & daughter ?
who was owner of old property ?
Mention all these please
Immovable property sold by father(owner) and purchased new property in joint name (with daughter) having equal share.
Immoveable property sold but was it a residential property ?
Please inform

in case old was a residential property then whatever LTCG is there , you can adjust against cost of new property (by 50% of the cost as share of father is 50%) only.


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