Long term capital gain tax
Querist : Anonymous
Last month I sold my land property and LTCG in that deal is calculated 32 lakh. I don’t have any house property in my name at present. I want to invest that whole amount to buy a house worth Rs 65 lakh.. The rest of amount i.e (65-32=33 lakh) is to be invested by my aunt’s son (buaji ka ladka).. we are willing to buy that house in joint ownership.
My Question is … am I eligible to claim LTCG exemption of my 32 lakh u/s 54 or 54f or others section) in case of joint ownership with aunt's son .. Please suggest me what should I do to deal with it...Thank you
Expert : Anonymous
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