banner_ad

Exemption u/s 54

Others 166 views 3 replies
Father has a sale proceeds after disposing his landed property. His son has also disposed his house and purchased a land. Now, the father wants to construct a house on his sons land.. Son had claimed exemption u/s 54.

Can father also claim exemption wrt construction of building u/s 54?

please suggest me, is there is any provisions regarding this.?
Replies (3)

" His son has also disposed his house and purchased a land........."

" Son had claimed exemption u/s 54."

How?

 

Sorry sir.. in that land small house is there at the time of purchase.. son is using for his residence.. but now father wants to construct a building in that property.. Can father claim exemption u/s 54.?

Yes... with consent of his son..... provided the holding period of the small house (by son) is equal or more than 3 years......


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details