Is capital gain exemption allowed in huf property if purchased in name of coparcener

MUKUND (mgr ops) (56 Points)

09 November 2018  

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