Hi ,
Need to ask a question , example mr X sale one property of rs 20 lakh and earn profit of rs 18lakh , but with in 6 month mr y ( mr x' son) purchase new residential house and shows mr X as a co-owner of new property , so mr X can claim benefit of long term capital gain tax rebate u)s 54 f under income tax rule
Yes, provided all the conditions of the sections gets complied, along with the claimed investment.
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