Dear Sirs,
I want to sell my old house and purchase new house on my married daughter's name with some additional loan from bank for which I will be copted member to repay the loan . In this case , can I be eligible for exemption under sec 54.
Old house 40 L with capital gain of 20L. New house 80L with new loan of 50L. Whether Iam eligible for 54 , if so what will be the exemption .
You should at least be co-owner in the new house, and should make payment upto your share holding.
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