Hi everyone,
My Doubt qt is,
Mr.A has 2 residential unit in his name and one land ,now he is planning to sell land and invest in another residential house but he want to register in his wife/or children name.
01.is it possible to do?
02. and after register in his wife/or children name , is he eligible to claim exemption under sec 54 or any sec under 54 of ITA.
03. if it is possible , plz give case law for that.
plz suggest me
Thank You.
1. Yes, possible, after all it is your choice.
2. Not eligible for sec. 54F exemption, as the eligibility criteria as per the section are not met.
3. NA.
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