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?
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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.
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