Will capital exemption allowed if property is sold by karta and is purchased in the names coparncer / all members of huf. the pan number used in purchase and selling of property is of that of huf. all the income received by selling the huf property is received in the huf account and new property is acquired using same fund from HUF ACCOUNT the entire sale proceed has used in purchasing the new residential property . Both the sale and purchase deed is executed and signed by the karta of huf
Is capital gain exemption allowed in huf property if purchased in name of coparcener
MUKUND (mgr ops) (56 Points)
09 November 2018