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?
Naina (CA Student) (477 Points)
03 November 2017A 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?
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2010 Points)
Replied 03 November 2017
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.
CA Mohit Aggarwal
(CA in Job)
(81 Points)
Replied 03 November 2017
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