banner_ad

Ltcg benefit to huf if new residential property purchased in individual names of huf members

Tax queries 209 views 1 replies

My huf, currently having only two members, me and my wife, sold a residential property  in 2018acquired in 2002. To save LTCG, can we buy a new residential property in our two names jointly or it has to be in huf name only. Reason is we want to avail housing loan and get interest  paid income tax exemption. Housing finance is not available to huf I have been told, but have not verified from ALl Hf banks. Please help thnx

 

Replies (1)

" To save LTCG, can we buy a new residential property in our two names jointly or it has to be in huf name only."

Yes, it has to be in the same PAN to avail the exemption.

Alternatively, you can invest Capital gains part in CG sav. Bonds (u/s. 54EC), and rest part invest in new house property by availing loan from HUF and also from banks.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details