Easy Office
LCI Learning

Long term capital gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 December 2011 I v a client.

Father and his Son

Father has LTCG fm sale of Flat = 66 Lacs and
Son has LTCG fm sale of another flat = 60 Lacs.

Can a new flat of Rs. 125L can be bought by joint name of father and son to use this capital gain of both.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
30 December 2011 They may claim deduction according to their share in the co-owned house. They must decide/describe share in the new residential property.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links