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 Topic
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
Related Topics
CAclubindia
