one my client being reisdent of uk has sold a property in india and has invested sale proceeds in residential house in india to the extent 66% and balance in house purchased in u.k.by his spouse.can he claim deduction u/s 54f
1 Answers
Yes, section 54F deduction can be taken, but only for residential house purchased on his own name.
He would also be liable to pay tax on remaining 34% of unused gains proportionally.
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