Capital gains adjustment

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I sold a property (single name) and used the money to buy another property in joint name (more than 2 joint owners) in the same financial year. All the money received from the sale of property was used in purchase of the joint property.

Now I would like to know can whole of the capital gain from sale of property be adjusted against the purchase of property in joint name ?

Replies (2)
Yes, you can
Yes it is allowed to adjust whole of capital gain if you have invested whole of consideration received. sec 54.

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