Easy Office
LCI Learning

Regarding exemption in section 54

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 July 2017 Hello

I have a doubt that suppose if i want to claim exemption u\s 54 and in sale deed my name is first and my wife's name is second and in the purchase deed of new house my wife's name is first and my name is second so can i claim exemption u/s 54??

please answer as soon as possible..

if no then what can i do?
Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
30 July 2017 All that matters u/s 54 is that the amount of gains should be invested in a new property in assessee's name.

There's no mention about the first name and second name etc
Profile Image

Studentsca

Profile Image

Studentsca (Expert)
30 July 2017 Yes you can claim exemption.
Upgrade to CAclubindia Pro. Subscribe Now!


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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links