Capital gains

Hi,

Please help me figure out a way to save tax in this situation:

A (wife) purchased a land at Rs.4lacs and sold at Rs. 25lacs after 5 years (both the amounts are per the sale deed).

Her husband (B) purchased a flat for say Rs. 50 lacs in the year of sale (single ownership)

Can A claim deduction u/s 54F?

Else please suggest any other way to save tax.

Would it be benefitial if A gains a joint ownership in the flat?

You can also send me your answers at ankita.alwaz @ gmail.com.

 

Thanks,

Ankita

Replies (2)

Hello Ankita,

50% Co Owner ship with her husband would save from paying capital gain taxes. Its better way to deal with.

 

Thanks,

Suri

Not merely the ownership but the actual funds should also be of wife in order to claim exemption legitly.

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