I am Co-owner in a property with 60% Share and 40% share is my wife. I sold my other property and purchased 40% share of my wife with Sale amount. Am I eligible for Capital Gain Exemption in any Section of Sec54
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Capital Gain Exemption u/s 54f undivided share
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TECHNICALLY POSSIBLE; BUT PRACTICALLY YOU WILL BE REQUIRED TO GO FOR APPEAL WITH HIGHER AUTHORITIES; AS ITO WILL DISALLOW IT AT FIRST STAGE.
Please tell how it is technically possible
Please tell how it technically possible
Please tell how it technically possible
AS PER ACT THERE IS NO SPECIFIC RESTRICTION, THAT IS THE MEANING IN TECHNICAL POSSIBILITY. BUT ITO WILL DISALLOW IT AS TRANSACTION BETWEEN HUSBAND & WIFE!!
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