Decision on 54b/54f

This query is : Resolved 

21 August 2013 Can anyone please provide me the decision of ITAT Jodhpur or any other on 54B/54F? in case new assets purchased in the joint name of wife. where wife contributed nothing, the name was included only for convenience in case of death of assesse

21 August 2013 What you are actually looking for is not known from your question.

It is very simple that once your wife have not contributed anything then it is your investment and the benefits cannot be taken in 2 hands

21 August 2013 Sir, my assesse had sold land and purchased new agriculture land in the name of assesse and his wife jointly. where wife had contributed nothing in purchase of new assets. assesse has claimed deduction under sec.54 B but department had allowed only 50% deduction.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries