Deduction u/s 54f
This query is : Resolved
26 July 2019
If a person sale a plot which is in joint name with his spouse and invest whole sale consideration in purchase of a house in joint name with his spouse whether deduction u/s 54F is allowable or not. Both husband & wife already having a single house in joint name on date of sale of this plot. pls reply.
26 July 2019
Yes they can do so... but remember they need to wait for 2 years..
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