A woman assessee has long term capital gain from sale of property. Since new property is valuing high, can she invest in the new property jointly with her husband. Any point to take care in such case?
Menu
Long term capital gain saving
Replies (2)
I am assuming that she sold her residential property.
She can claim tax exemption u/s 54. if she buy only one property and invest her entire LTCG.
in case she sold her residential property, then amount upto the capital gains should be invested to claim exemption and if she sold any other capital asset, then entire receipt should be invested to claim exemption.
Recent Topics :
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
Related Topics :
CAclubindia
