Exemption u/s 54
praveen (Student) (32 Points)
03 March 2018Can father also claim exemption wrt construction of building u/s 54?
please suggest me, is there is any provisions regarding this.?
praveen (Student) (32 Points)
03 March 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178261 Points)
Replied 03 March 2018
" His son has also disposed his house and purchased a land........."
" Son had claimed exemption u/s 54."
How?
praveen
(Student)
(32 Points)
Replied 03 March 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178261 Points)
Replied 04 March 2018
Yes... with consent of his son..... provided the holding period of the small house (by son) is equal or more than 3 years......