Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2013
Hi
Is it necessary that for claiming of deduction u/s 54 investment in residential house should be in the same name who has transfered a residential house
Q: Does that Person can purchased a residential house in the same of his son?
Is it necessary that for claiming of deduction u/s 54 investment in residential house should be in the same name who has transfered a residential house
Q: Does that Person can purchased a residential house in the same of his son?
CA PARAS BAFNA
(Expert)
19 August 2013
The person should purchase the property in his name only and if his son is happy with him, son's name can also be included.
.
Purchasing the property in the single name of his son may deprive him from the available exemption.
.
.
Purchasing the property in the single name of his son may deprive him from the available exemption.
.
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