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Sameer (Article)     21 October 2021

Capital Gains Exemption 54/54F

Assessee has sold residential premises. Can he invest the proceeds by purchasing residential premises in name of his wife and claim exemption?


 2 Replies

prasad  Nilugal

prasad Nilugal (Sr . Accountant and GST Practitioner . )     21 October 2021

Section 54/F of the Income tax act 1961, applicable to Assets other than residential property just confirm .
Sameer

Sameer (Article)     21 October 2021

Yes, investment is done in 54 only. But does proceeds of sale invested in the name of wife constitutes exemption?

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