Long term capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 June 2014
Dear Sir,
One of my friend father has sold is property and he is liable to Long Term Capital gains, Can he setoff the Liablity that his son purchased the property .
One of my friend father has sold is property and he is liable to Long Term Capital gains, Can he setoff the Liablity that his son purchased the property .
06 June 2014
no in this case atleast the father must be the owner or part owner of the property by investing the capital gains in it.
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