Capital gain exemption
This query is : Resolved
jayesh khokhariya
(Querist)
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????
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
(Expert)
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
(Querist)
25 June 2018
in whose name sale deed should be registered son or father???
CA R SEETHARAMAN
(Expert)
25 June 2018
Father name .........
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