Capital Gain Exemption u/s 54f undivided share

This discussion explores the technical possibility of claiming capital gains tax exemption under Section 54F when reinvesting sale proceeds into an undivided share of a property, specifically when purchasing a spouse's share. While the Act itself may not explicitly restrict such transactions, it's anticipated that tax authorities (ITO) might initially disallow it due to the husband-wife transaction. The consensus suggests that while technically feasible, an appeal to higher authorities might be necessary.