https://www.taxtmi.com/forum/issue?id=120962 Capital gains from the sale of a jointly owned residential flat are taxable in the hands of each co-owner according to their respective share, and each may claim Section 54 exemption on that share if the conditions are met. Registration of the new residential property in only one co-owner's name does not by itself defeat the other co-owner's exemption claim, provided the other share of the sale proceeds was actually invested in the new house. Supporting documents should be kept, and a return should be filed to disclose the transaction and claim the exemption. en-us Sun, 14 Jun 2026 14:24:32 +0530 Wed, 24 Jun 2026 11:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120962 Capital gains from the sale of a jointly owned residential flat are taxable in the hands of each co-owner according to their respective share, and each may claim Section 54 exemption on that share if the conditions are met. Registration of the new residential property in only one co-owner's name does not by itself defeat the other co-owner's exemption claim, provided the other share of the sale proceeds was actually invested in the new house. Supporting documents should be kept, and a return should be filed to disclose the transaction and claim the exemption. Discussion-Forum Income Tax Sun, 14 Jun 2026 14:24:32 +0530 https://www.taxtmi.com/forum/issue?id=120962