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Exemption u/s 54f

Tax queries 350 views 1 replies

Guys, i am having a doubt regarding section 54F exemption from LTCG.

If " A" an assesse has sold the house property and to claim an exemption u/s 54F. he purchased the residential house property and there are co-owners "A" and his son "B".

 

My question is whether assesse "A" can claim the full amount of exemption.  

Replies (1)

Hello Kushal,

In my opinion,  if his son is not minor, Mr. A can claim exemption only upto his part u/s 54 F


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