Long term capital gain-exemption

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 May 2015 I want to Know Whether Amount Recived on Sale of Long Term Property is invested by a Mother (Seller)
in Purchase of Other Property in the Name of her Son , Whether Exemption on Long Term Capital Gain
is Available to Mother?

16 May 2015 if the trasferor is not same as investor in new property purchased then no deduction is available u/s 54


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