A person sold a property and to avail exemption under section 54, he has to purchase/construct another property. he has already entered into agreement for purchase of a flat in the name of his wife. can exemption be availed by him u/s.54 treating this as an investment in property??
Menu
Exemption u/s.54 by purchasing flat in name of wife
Replies (3)
to avail sec 54 benefit the person has to own the new property in his name only.
The agreeement in the name of wife should be cancelled and new contract in the name of the person seeking exemption u/s 54 shall be execited to claim the exemption.
|
Originally posted by : saiyumkhan |
||
 |
Agreed.. with CA.Sayumkhan... |
 |
Recent Threads
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- Heard & Seen Around – Your Daily Economi
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
Related Threads
CAclubindia
