property of deceased assessee has been transfered to legal heir.
whether assessee got any exemption under capital gain.
Legal heir can get exemption u/s. 54/54F when he sells the property, but not while procuring it under inheritance!!
Exemption u/s. 54EC can be availed for any LTCG arrived; but when any property is inherited, no LTCG is arrived.
Yes, he can get this benefit in the year of sell of the property.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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