Exemption under section 54f
This query is : Resolved
16 January 2012
whether two taxpayers can jointly invest in residential house property to claim exemption u/s 54F in their individual income tax return on proportionate basis.
17 January 2012
Yes definitely.
Section 54F does not bar for joint investment but both will get the exemption benefit to the extent of investment subject to CG and in proportion of your individual investment.
Section 54F does not bar for joint investment but both will get the exemption benefit to the extent of investment subject to CG and in proportion of your individual investment.
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17 January 2012
Is there any case law available for the same?? Kindly give me some reference if u r aware of?
Thanks
Shivi
Thanks
Shivi
17 January 2012
Dear i have not come through any case law for the same.
But by proof reading of section i have given the expertise.
Am also welcoming the other experts view on the issue.
But by proof reading of section i have given the expertise.
Am also welcoming the other experts view on the issue.
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18 January 2012
thnku so much Prashant. your opinion prooves very helpful to me....
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