Capital Gain selling of property

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rajat (Querist)
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17 April 2010 We have sold our ancestral property with the signatures of Four persons viz two brothers A and B & two sisters C and D.We want to save Capital Gains so we want to invest in CG Bonds .Please tell me can we invest in CG Bond only in the name of two brother A and B as both sisters C and D does not need the share or it is mandatory to make CG Bond in the name of both bothers and sisters.

Thanks in advance

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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17 April 2010 The owners are A,B,C and D. In order to get exemption from capital gains reinvestment should be made separately in the names of A,B,C and D respectively.

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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17 April 2010 agreed separately investment is required in the name of A,B,C & D

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