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Nandan C G   19 September 2021

Section 54 benefit for purchasing new house

Dear sir, My father was sold his own house property and purchased new property in my ownership. Can he claim benefit of section 54?


 2 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     19 September 2021

As per rules NO. But there are few case-laws in support of assessee, who invested the sum in the name of their family member/s, and claimed for the exemption/s.

Nandan C G

Nandan C G   19 September 2021

Thank you sir

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