Tax alert: Exemption from capital gains available for new residential house registered in spouse’s name has been saved
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Tax alert: Exemption from capital gains available for new residential house registered in spouse’s name
2 April 2024
The Delhi Bench of the Income-tax Appellate Tribunal has rendered its decision that long-term capital gains exemption under section 54 of the Income-tax Act 1961 [relating to investment in residential property] is allowable to the taxpayer
for investment in new residential property, registered in the spouse’s name.
