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Capital Gain from Sale of property
My mother in law sells a property. The proceeds are used in purchasing another property which is in name of her daughter and her husband. Will she get capital tax exemption?
Replies (2)
No , is
Mother will not gain exemption as the proceeds are invested in the name of her daughter and her husband
Mother will not gain exemption as the proceeds are invested in the name of her daughter and her husband
I concur with the view of Mr kapadia
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