Capital gains

This query is : Resolved 

19 October 2012 one old lady had sold her property and she want to purchase property in the names of her children, whether she get exemption under sec 54 or not

21 October 2012 The residential house property should be registered in the name of the assessee to be eligible for exemption.

In this case, the lady can be one of the co-owners and her children can be the other co-owners.


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