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?
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.
CAclubindia
