Can an assessee claim exemption u/s 54 if the property is purchased in joint names?Will the exemption be proportional??
Ashish Goyal
(Service)
(156 Points)
Replied 13 January 2009
Full exemption can be claimed u/s 54 even if the property is purchased in joint names...
madhur gupta
(student/article )
(1022 Points)
Replied 13 January 2009
it depends from whose capital new poperty being purchased/constructed.
on whose name it is dont matter
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