11 February 2012
P, on partion of HUF got 19 acres of urban land and sold during 2010-11 6 acres for 60 lakhs and purchased a house property in the name of his son.
can assessee P file his return of income under HUF status and can he claim exemption u/s 54F ?
KINDLY GUIDE me with regard to SEC 54F EXEMPTION as house is not purchased in the name of Karta P.