My father sold the land in his own name. Now I want to invest that money in purchase of land in my name. Can I get the exemption??? Please help me..
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Sale of land
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I am not sure this exemption from capital gain shall be available to your father u/s 54F. One may buy a property in his wife's name or son's name u/s 54 but not u/s 54F.
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Sir,
You purchase the property in your fathers name within three years from the date of property sold he will allowed for exemption and then make a gift deed with your father and transfer the property in your name.
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