Capital gain exemption

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jayesh khokhariya (Querist)
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25 June 2018 father has sold residential house property and long term capital gain arising on sale of such property can be claimed as exemption by purchasing another residential house property by son under section 54 ????

long term capital gain on transfer of any long term capital asset (property is registered in the name of father) can be claimed as exemption under section 54F by son for purchase of new residential house????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 June 2018 In both the cases father has to purchase the house property in his own name and then gift it to son to claim capital gains exemption.

jayesh khokhariya

jayesh khokhariya (Querist)
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25 June 2018 in whose name sale deed should be registered son or father???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 June 2018 Father name .........

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