Sir/Madam
Is Capital Gain arising on sale of a residential property in the name of an individual utilised to purchase a new joint residential property in the name of self and spouse eligible for deduction u/s 54?
Sir/Madam
Is Capital Gain arising on sale of a residential property in the name of an individual utilised to purchase a new joint residential property in the name of self and spouse eligible for deduction u/s 54?
He can take help of judgments of Delhi High Court in the case of CIT Vs Ravinder Kumar Arora and CIT Vs Kamal Wahal.
Thank you.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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