Mr. A has LTCG of Rs. 30 Lakh. He has invested this money for purchase of Residential House in the name of his wife.
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PLZ HELP (URGENT QUERY) - regarding 54F deduction
Replies (4)
by reading the sectiion wordings .... The husband should be eligible for the exemption though wife can not.
yes if property purchased in name of wife than exemption cannot be claimed.
exemption can be claimed if the new house is transfered with in a period of 3 yrs from the date of purchase
Hi Dear,
No, he will not eligible for benefit of section 54F if the amount invested in residenaial property in the name of his wife.
regards,
Manoj
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