TaxTMI 
TaxTMI 
whether investment u/s 54F for contsruction of residential house on land inherited , where no proof of land ownership is available , but residential house is contructed and proved by inspection by inspector of Income tax and electricity bill. whether in the absence of clear ownership of land is not on record, 54F deduction can be denied?
Section 54F - ownership proof unavailable
17 Nov 2009 
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Ownership proof for capital gains exemption: construction on inherited land requires demonstrable title or equivalent documentary evidence to claim deduction.
The capital gains exemption for construction on inherited land requires the assessee to establish ownership or a recognized proprietary interest; proof may include inheritance documentation, municipal or gram panchayat records, utility bills, physical inspection, or evidence of adverse possession, and the claim is determined on the facts and available records rather than on descriptive labels alone. (AI Summary)
The capital gains exemption for construction on inherited land requires the assessee to establish ownership or a recognized proprietary interest; proof may include inheritance documentation, municipal or gram panchayat records, utility bills, physical inspection, or evidence of adverse possession, and the claim is determined on the facts and available records rather than on descriptive labels alone. (AI Summary)