Long term capital gain

meet shah (Chartered Accountant) (27 Points)

21 June 2012  

Dear Sir,

I have sold my house and earned capital gain.I have purchase new house.but for the purpose of loan in conveyance deed my spouse holds first name and my name is second.Can I claim benefit u/s.54.

Please note that I have complied with the condition of sec.54.and I also make payment from my bank account.

Is there any condition that for claiming deduction u/s.54 my name should be first?otherwise I can not claim benefit of sec.54.