Each of my parents got (RS--6 &- 8 lakhs) as compensation on account compulsory acq of land (LTGS), i like to claim U/S 54 F ,my doubt is:
- whether both can invest their sum jointly in single house property(not Land).----(incase of purchase).
- whether they can puchase small site from half of this amount and remaining amount for construction on purchased site.(Eg : 5 lac for site and 9 lac for constuction on same site which purchased)
Thankig in advance
krishna
CAclubindia
