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Question ID : 42255

Exemption u/s 54

One property is in the same if husband & another one is in the name of wife, now if both the properties will be sold and if they purchase a new property in joint name, whether exemption u/s 54 from capital gain, is available or not.

Posted by Shobhit Bansal on Apr 22, 2022

Filed Under Capital Gains

Answer ID : 81458

yes, it is allowed.

Posted by SHUBHAM SONI on Apr 22, 2022
Answer ID : 81459

Yes. Both can claim exemption as per their respective share in the property purchased.

Posted by CA. chunauti dholakia on Apr 22, 2022
Answer ID : 81472

yes, capital is applicable to both.

Posted by CA. SATISH CHAND GARG on Apr 26, 2022
Answer ID : 81494

yes exemption is allowed

Posted by Anwar Iqbal on May 14, 2022