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Section 54 benefit for purchasing new house

Nandan C G (13 Points)

19 September 2021  
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 (SEO Sai Gr. Hosp.) (108446 Points)
Replied 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 (13 Points)
Replied 19 September 2021

Thank you sir

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