24 January 2015
sir, if an assessee is having sale proceeds of his property of Rs.1,00,00,000, he invests in a property worth Rs. 20,00,000 of which he is having a share of 50%, other 50% is going to be held by his brother. however the whole amount of purchase considertaion has been paid by assessee only( but legally both the brothers are going to be the joint holders) how much amount of deduction can be claimed by assessee u/s 54.
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