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.
K Srinivas, CMA CS
(Expert)
08 March 2018
Yes, you can claim exemption by buying the property from your brother and father.
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