Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2014 i have received capital gain after selling my residential property.If I buy property in the name of my Son who is above 18 years will it offset my capital gain or do I have to buy property in my name only

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 July 2014 You have to buy property in your Own name you can also buy in joint name.

See below link to see various judgements under similar circumstances.

https://www.bcasonline.org/articles/artin.asp?1115

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