A SOLD HIS RESIDENTIAL HOUSE FOR 40 LACS ON JAN 2025. COST OF ACQUISITION 13LAC ON AUG 2011 AND A PURCHASE NEW HOUSE WITH THE NAME OF HIS SON AND SPOUSE FOR RS 45 LAC. PLEASE INFORM IS EXEMPTION U/S 54 OF THE INCOME TAX ACT APPLICABLE TO HIM OR NOT

IS EXEMPTION U/S 54 APPLICABLE IF NEW HOUSE PURCHASE IN THE NAME OF SPOUSE AND SON?

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  Capital Gain on Redevelopment of an Apartment to Commercial Office Building

Housing Flat Building went for redevelopment in 2022. Now against this redevelopment Commercial Office space is received in 2025 as per the redevelopment agreement. Will it taxed as capital gain as new residential unit is not received against the old flat.

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  Section 54

Assessee deposited capital gain in CGAS. But while purchasing the new property utilized amount from personal saving account. Are the unutiled amount CGAS is taxable

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