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Commerce · Q630

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 630

Q630

The following exemption acts mandate that house should be purchased by assessee and it does not stipulate that house should be purchased in name of assessee. Property purchased by assessee in joint name with his wife for 'shagun' purpose because of fact that assessee was physically handicapped and the whole consideration was paid by assessee, assessee entitled to exemption under the same act. What is the act?

A.
Section 54F
Answer
B.
Section 52F
C.
Section 46A
D.
Section 50B

Answer: Option A

Solution

Answer: Option A
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