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Is deduction u/s 54f is allowed ?
In case of ancestral property, Father sale the property and consideration received shall apportion btwn father and his son & daughter....
Later on Father purchase one house property in the name of his son( Major ) and consideration paid out of sale proceed received from sale of property ( i.e Son's share in property consideration)
If Capital Gain is Charge under HUF
can we claim deduction u/s 54F for purchase of such residential property ?
Replies (1)
Don't try to mix up the original owner to capital gains receiver to exemption availer.........
All in all it/they should be one and same from beginning to end (As referred to PAN)
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