Capital Gain Tax

Gagandeep (service) (23 Points)

12 December 2019  

 

Dear All,

Kindly help me with following:

My mother in law is selling some property.

I have following queries regarding capital gain tax:

1. Will Caiptal gain tax be applicable, if she buys land/house in name of her daughter from the sale proceed.

2. If she buys in joint name of herself and daughter, what will be the tax implications.

3. She is already owning other house and land in her name.If she buys other land/house in her name from sale proceed, willl she get capital gain tax benefit or she will have to pay full tax

4. In how many properties she can invest from the sale proceed.

5. Can she buy property from sale proceed any where in India.

6. What else can be done to avoid paying capital gain tax.

Thanks and regards