CAPITAL GAIN

This query is : Resolved 

22 February 2011 IF AN INDIVIDUAL HAVE CAPITAL GAIN CAN HE CLAIM SET OFF WHEN HE CONSTRUCTS A HOUSE AND THAT HOUSE IS PROPERTY UNDER HIS HUF STATUS.

22 February 2011 First write in which item capital gain is earned

Second if you buy the house in the name of HUF and earned capital gain in individual you will not get exemption for purchase of house property in individual

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22 February 2011 Individual and HUF are separate status and there benefil can not be availed.


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