Capital gains exemption

Tax planning 1057 views 3 replies

I have a residential house property in my mother's name which has been rented out to a company for the residence of its employees. We are planning on selling this property and investing in a property which we later plan to rent out to banks or restaurants as we will get higher rent. Will i get the benefit of exemption u/s 54 for this ? If not, are there any other ways to ensure exemption?

Replies (3)

As you are not the owner of the HP, only your mother will get the benefit of section 54

agree with MRr. Giridhar...
By I i meant my mom only..will she get exemption u/s 54?


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