Exemption of capital gain u/s 54f
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2013
If capital gain arised out of sale of long term capital asset is invested to construct a residential house in the name of son, whether exemption u/s 54F can be taken by the father.
23 February 2013
Hi,
No investment should be in the name of self only.
Thanks!!
No investment should be in the name of self only.
Thanks!!
23 February 2013
buy the same under-construction property from your son. set of ur capital gains against this purchase - if the transaction is done in proper manner, there should not arise any STCG against your son.
23 February 2013
one thing I forgot to add... you will end up paying additional stamp duty..so the cost benfit analysis is required before my earlier advice is to be followed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- RATE AND HSN CODE
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- TDS AND ITR ISSUE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Bank details not Visible on Traces Portal
- Difference between Date of Payment and Date of Deduction?
- Journal entry of busniess expenses
- Cash balance limit and property purchases limit
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
