Sec 54 Exemption

This discussion clarifies the rules surrounding Section 54 exemption, particularly concerning the Pradhan Mantri Awas Yojana (PMAY). It confirms that PMAY benefits are strictly for the applicant. For Section 54 exemption, the new property must be registered solely or jointly in the name of the assessee. The thread also briefly touches upon the eligibility for Section 54 EC for residential house sales.