The assesse has sold the residential property purchased 3 years ago in the Apr 12.
Can the assesse purchase the another residential property in the name of his wife out of the proceeds of the earlier property sold to have benefit of lesse stamp duty on the purchase of the house.
YES, WHY NOT? HE CAN GET LTCG BENEFIT TO SAVE LTCG AS LONG AS YOUR WIFE STILL IS YOUR WIFE AND KIND OF DIVORCE!.
Abic and Mani Chartered Accountants
Kottayam
B.Com
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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