Regarding exemption in section 54

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Urjit Talati (Querist)
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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?

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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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