Capital Gain Expemtion Query
This query is : Resolved
Neerav Yogesh Shah
(Querist)
22 February 2011
My Client (Senior Citizen) have earned a Capital gain in Current Financial year, now in order to get exemption u/s 54EC he is reddy to buy Bonds of REC/NHAI.
CAN HE BUY THE BONDS IN JOINT ACCOUNT AS HE WANTS HIS SON TO BE THE SECOND HOLDER OF THE BONDS
CAN HE BUY THE BONDS IN JOINT ACCOUNT AS HE WANTS HIS SON TO BE THE SECOND HOLDER OF THE BONDS
CA PARAS BAFNA
(Expert)
22 February 2011
Yes. He can buy the bonds in joint names provided the issuer does not have any restriction in this regard.
22 February 2011
Apply in single name and opt nomination.
Guest
Guest
(Expert)
22 February 2011
Agree with Mr. warrier.
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