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Urgent advice needed
My relative has got share in his deceased Mother's house property and now wants to invest the same to get exemption u/s 54. But the problem is he wants to invest in wife name,will he get exemption u/s 54 for the Same. Thanks & Regards
Replies (1)
Though little litigating but can be allowed (Commissioner of Income Tax Vs Kamal Wahal)
Read more at: /articles/exemption-u-s-54-for-asset-purchased-in-different-name--24052.asp
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