If im the joint owner(me and my father) of any other asset other than residential house and want to sell it to buy a residential house in our joint name, can i claim the exemption u/s 54F wholly in my name though im the joint owner of the old asset? If yes, is there any case law relating to this decision?please quote it for my reference.
Dear ,
In my opinion u cant avail entire exemption u/s 54 F .
u can claim exemption to the extent of ur share in the acquired joint property
vaibhav
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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