Capital gain
This query is : Resolved
GANGADHARA RAO
(Querist)
08 November 2019
Sir please advise me, that one of our client sold his site at the cost of 23,40,000-00, then after with the amount he has purchase a residential property with his wife name and the cost of property is 26,50,000-00. this situation he can claim capital exemption or not. please..
27 May 2020
The property that is purchased after selling should be bought on the name of the seller and not on any other name to claim the benefit.
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