Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 August 2013 Friends,going through a problem in respect of capital gain,..

For claiming exemption under section 54,is it necessary to invest the capital gain amount on the name of assesse(Mother) who have incurred the same....

or investment can be made on the assessee's relative(Son) name...

do rply....urgent...

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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14 August 2013 The investment has to be made in the name of the assessee who has transferred the asset. It CANNOT be made in the name of any other person.

Querist : Anonymous

Querist : Anonymous (Querist)

15 August 2013 Thanks sidharth.....

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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16 August 2013 You are welcome. You should use the thanks button to convey your thanks.

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