Capital gain on house property
This query is : Resolved
08 March 2018
I would like to know that I have sold the long term held house property in Jan'2018. Now I have to buy a house property of my father. I am married and my father and my brother jointly hold that property. I want to invest my LTCG in buying this house property. Is that possible and by doing that can I claim LTCG tax exemption u/s 54.
Request you to please reply.
Request you to please reply.
08 March 2018
Yes, you can buy the said property and claim section 54.
08 March 2018
Yes, you can claim exemption by buying the property from your brother and father.
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