Selling of residential plot 54 or 54F

This discussion clarifies whether selling residential plots falls under Section 54 or 54F of the Income Tax Act, confirming Section 54F is applicable. It explains that the capital gains amount, not the full sale consideration, needs to be invested in a new residential house for exemption. The thread also addresses buying a new property in joint names with a son, confirming this is permissible for tax exemption if the mother makes the full payment, and highlights the benefits of joint ownership for inheritance and legal safety.