Exemption u/s 54f
This query is : Resolved
24 September 2014
my client has sold one commercial property for 15 lakhs and invested entire amount in new residential house but in the joint names of himself and his spouse.
my query is can he claim entire amount invested in residential house u/s 54F.
24 September 2014
generally courts have allowed exemption in similar cases. so you do stand a good chance
30 September 2014
yes there will be no issue in this case...........
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