259 total views
One doubt – please clarify
Husband and wife with the joint owners of a residential property they sold the said property and within a period of 3 months they have purchased another residential property jointly
We have claimed exemption and find the return
The assassin officer claims that for exemption under section 54 you need to purchase another residential unit but in this case neither the husband nor the wife has purchased another residential unit but they have purchased only half residential unit ( as the help purchased one residential unit jointly) and therefore you cannot claim exemption.
Can anyone please throw light on this
- Views275 times
- Answers0 answers