Exemption u/s 54F or Sec. 54 Allowed Even if New Property Bought in Name of Wife !

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The exemption from capital gains on sale of any capital asset other than a residential house is provided u/s 54F of the Income Tax Act. In simple terms , although there are a few conditions attached to exemption u/s 54F, is that if a person gets capital gains on sale of any capital asset other…