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Captial gain bonds invesment limit
My father and mother jointly owned a house property. There is no share defined in the sale deed of the property. Hence,for taxation view point, both can be considered for 50%
The capital gain was Rs. 1 crore.
Can they both individually invest Rs. 50.00 lacs each in the Capital Gain Tax Saver Bonds?
Replies (3)
If share can be shown they can individually invest.
There is no mention of share in deed. Can it deemed to be 50%?
There is no mention of individual share in the deed.
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