{"id":55665,"date":"2025-08-02T13:05:20","date_gmt":"2025-08-02T07:35:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=55665"},"modified":"2025-08-06T18:31:32","modified_gmt":"2025-08-06T13:01:32","slug":"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","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/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\/","title":{"rendered":"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"},"content":{"rendered":"<p>IS EXEMPTION U\/S 54 APPLICABLE IF NEW HOUSE PURCHASE IN THE NAME OF SPOUSE AND SON?<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1275],"qa_category":[23],"qa_tag":[1266],"class_list":["post-55665","qa","type-qa","status-publish","hentry","qa_expert-law-intern","qa_category-income-tax","qa_tag-section-54-deduction"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/55665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=55665"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=55665"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=55665"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=55665"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=55665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}