House Property Calculation

This discussion explores the tax implications of selling a property for Rs. 17,00,000 and purchasing a new one. It clarifies that purchasing a new property in a son's wife's name may not make the original seller eligible for tax benefits under Section 54, as the tax is paid under a different name. However, buying in the son's wife's name might offer stamp duty and other benefits. Purchasing the new property in the seller's own name would likely allow for Section 54 benefits, but government subsidies on home loans are typically a one-time benefit for the first property purchase.