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Capital gain

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(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. )
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K Srinivas, CMA CS

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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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