Question ID :
42276
Section 54 deduciton
An assessee has sold a house property and buying a new property to claim section 54 deduction. Can the new house be in joint name with his relative?
Posted by
balasubramanian
on
May 09, 2022
Filed Under
DIRECT TAXES
Yes as the funds are induced by assessee is mandatory. Deduction u/s 54 will be available
Posted by
SANDEEP KAPOOR on
May 19, 2022