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Capital Gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 December 2009 If a house is in name of Mother & Son No.1.
Now if they sell the house(long term capital gains) and invest in a new house within 6 months but in name of Son No.2, as he is to bear the loan for the same.
Can he(son No.1 & mother) avail any deductions under sub-sections 50 to 54F.
How can they take benfit of these deductions??
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CA Sanjeev Kr Jain

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CA Sanjeev Kr Jain (Expert)
20 December 2009 no benifit, deduction would have been available had the house was bought in the names of sellers
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