Capital gain
This query is : Resolved
MANJUNATHA
(Querist)
25 September 2017
Dear Sir
Sale of House Property in the name of wife,
Shall we invest the gain amount to construct the house? ( Residential site in the name of Husband. )
Sale of House Property in the name of wife,
Shall we invest the gain amount to construct the house? ( Residential site in the name of Husband. )
K Srinivas, CMA CS
(Expert)
25 September 2017
Yes, exemption will be available as the ownership of house constructed is important for claiming exemption than ownership of land
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