27 September 2015
if the person father purchase house in yr 1986 for. 5lacs and person inherited the property in the yr 2001 . and now the person want to sell the property cmp of around 2cr.
if the person transfer the property rights to their wife mother ,daughter in equal proportions. then can the amount invested in capital gain bond also be shared.
and also pls tell that can capital gain liability also be shared.
property value at the time of transfer is 80 lacs.
thanks in advance. I am waiting for ur valuable answer .
CAclubindia
