Capital gains of a deceased individual
This query is : Resolved
29 January 2012
My friend's father had sold a HP few months back,but he is still to buy out a new one..
now the problem is that his father expiered couple of days back, and he was asking me wheather he will be able to claim CG exemption,
since, now the new property will be in his or his mother's name..
now the problem is that his father expiered couple of days back, and he was asking me wheather he will be able to claim CG exemption,
since, now the new property will be in his or his mother's name..
29 January 2012
Yes he can definetly claim exemption of capital gain.
Section only stipulates that capital gain should be invested in residential property, it doesnt specify the person in whose name it should be invested.
Section only stipulates that capital gain should be invested in residential property, it doesnt specify the person in whose name it should be invested.
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