Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2013
Friends,going through a problem in respect of capital gain,..
For claiming exemption under section 54,is it necessary to invest the capital gain amount on the name of assesse(Mother) who have incurred the same....
or investment can be made on the assessee's relative(Son) name...
do rply....urgent...
For claiming exemption under section 54,is it necessary to invest the capital gain amount on the name of assesse(Mother) who have incurred the same....
or investment can be made on the assessee's relative(Son) name...
do rply....urgent...
14 August 2013
The investment has to be made in the name of the assessee who has transferred the asset. It CANNOT be made in the name of any other person.
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 August 2013
Thanks sidharth.....
16 August 2013
You are welcome. You should use the thanks button to convey your thanks.
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