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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 October 2016 I purchased a plot in 2011 and sold it out in 2016. I was the one of the owner of that plot. .........Now I want to purchase a new plot for residential purpose but i want to purchase by the name of my Wife.......So can I get exemption for the capital gain and if Yes, so u/s which section?
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Ruchi

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Ruchi (Expert)
26 October 2016 No, you cannot. Unless you are the owner or co owner of the new property, you cannot avail any benefit on purchase of property.
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