My mother sold the land in another city. My mother want to Purchase the house where we live ??
House is in name of My Grand Father , After death of him,the house is in heredity comes to My father & his 2 brothers.Now as per municipality,the house is in name of My Grandfather. My mother want to give 2 uncles the money of their share & buy a house.
Can 54F exemption is available or not ?
E.g If our house value is 60 lakhs,then we want to buy giving 40 lakhs ( 60 lakhs*2/3) to both uncles.
Please help me is relationship Wife and husband property will affect ???
CAclubindia
