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
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