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Can HUF Calim Exemption us 54F

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(Querist)
11 July 2024 Hello Members,

I sold of shares in HUF and the proceeds received was then invested in the newly bought residential flat by me and my family. However HUF name is not there in agreement but rest all of the co parceners are owner of the said flat.
Can I claim exemption us 54 F on the Capital Gain on derived on selling of the shares.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 July 2024 Contractional issue. The flat should have been purchased by Karta through HUF PAN.
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Gaurav

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Gaurav (Querist)
11 July 2024 Karta is one off the owner in the said flat, can't he still claim the deduction in the flat purchase.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
11 July 2024 No. He can claim it in his individual capacity, not under HUF.

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