Sale of house in my single name
This query is : Resolved
05 September 2019
Can I invest the sale proceeds(Capital gains) to purchase a flat/house in joint names of my son ,and eligible for tax exemption u/s 54 of IT act.
Arun Kr.Banerjee
Arun Kr.Banerjee
05 September 2019
Possible to invest in joint names.
Citation:- Mrs. Jennifer Bhide (2011) 203 Taxman 208 (Kar).
Citation:- Mrs. Jennifer Bhide (2011) 203 Taxman 208 (Kar).
05 September 2019
yes, you can very well do that
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- GST not cancelled by tenant
- FORM 141 SDV query
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Tally: Imported bank entries do not show up in manual reconciliation
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
