Scetion 10(37)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2018
10(37) exemption available only if the certian conditions specified in the section are fulfilled out of them one of the condition is that: consideration / compensation for transfer of urban agriculture land is received by assessee.
What if it is received by a person other than assessee I,e legal heir then captial gain exemption is available or not
10(37) exemption available only if the certian conditions specified in the section are fulfilled out of them one of the condition is that: consideration / compensation for transfer of urban agriculture land is received by assessee.
What if it is received by a person other than assessee I,e legal heir then captial gain exemption is available or not
CA R SEETHARAMAN
(Expert)
10 September 2018
Yes exemption is available to legal heir.
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