https://www.taxtmi.com/article/detailed?id=1748 Where an assessee wholly funds the acquisition of a residential house purchased in joint names, factual indicators of payment and expense liability establish effective ownership so that the capital gains exemption under Section 54F applies to the total consideration paid; if both spouses contribute, exemption and related deductions are apportioned according to the extent of each spouse's contribution. en-us Tue, 29 May 2012 15:27:02 +0530 Tue, 29 May 2012 15:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1748 Where an assessee wholly funds the acquisition of a residential house purchased in joint names, factual indicators of payment and expense liability establish effective ownership so that the capital gains exemption under Section 54F applies to the total consideration paid; if both spouses contribute, exemption and related deductions are apportioned according to the extent of each spouse's contribution. Articles Income Tax Tue, 29 May 2012 15:27:02 +0530 https://www.taxtmi.com/article/detailed?id=1748