Long term capital gain income tax rebate

palki goyal (1 Points)

18 January 2020  

Hi , 

 Need to ask a question , example mr X sale one property of rs 20 lakh and earn profit of rs 18lakh , but with in 6 month mr y ( mr x' son) purchase new residential house and shows mr X as a co-owner of new property , so mr X can claim benefit of   long term capital gain tax rebate u)s 54 f under income tax rule