Cg exemption on payment towards relinquishment
This query is : Resolved
06 July 2015
Assessee has sold a property and is subject to capital gains. Her husband's sisters are relinquishing their share in an ancestral property for a consideration, in favour of the assessee. The consideration is paid out of the proceeds of the sale by the assessee.
Is the assessee entitled to claim capital gain exemption u/s 54/54F on this payment to her husband's sisters?
Is the assessee entitled to claim capital gain exemption u/s 54/54F on this payment to her husband's sisters?
Soumitra Basu
(Expert)
07 July 2015
ASSESSEE CAN CLAIM THESE EXPENSES AS AN AMOUNT TO BE DEDUCTED FROM SALE PROCEEDS.
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