Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2015
I have sold the Flat in Sept 2014 in Rs. 1.11 Cr which i have purchase in June 1998 In Rs. 7.50 Lacs. Now i want to purchase a 50% share of new flat which is in my mothers name. I want to know can i purchase and show the investment of long term capital gain in this way. Please advise at the earliest.
Nikhil Kaushik
(Expert)
16 May 2015
yes. you can do so. but then your mother will have to reinvest her capital gains!
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