Mother selling land and purchases new land in name of son income tax implications there of
Ajey Kumar (21 Points)
23 December 2019
individual
3 Replies
harish prajapati
(97 Points)
Replied 23 December 2019
I think there would not be any capital gain tax. Because mother can claim exemption as provided in income tax if mother is eligible for exemption. Son is not a strangent. Further similar judgement given by Court where husband selling Capital asset and purchase new asset in his wife name. On that line there is no any tax implications.
Ajey Kumar
(21 Points)
Replied 23 December 2019
Kindly give reference of judgement of hobble courts on this issue
Recent Topics
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
