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
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- NON- SUBMISSION OF LLP FORM 3
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Free lancer income
- TDS related Query_Liquidated Damages
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
