capital gain tax & exemption
This query is : Resolved
25 February 2009
a husband sold a flat & plot in the year 2008 for rs 4000000/- & his wife already have a land in another city in hers name
the husband start a construction on his wifes plot all expencess are made by husband for construction
wheter this capital exp are allowed u/s 54 & 54F to the husband or not what procedure is followed for capital gain investment
any citation Or case law
thanks
cahemantdewani@hotmail.com
the husband start a construction on his wifes plot all expencess are made by husband for construction
wheter this capital exp are allowed u/s 54 & 54F to the husband or not what procedure is followed for capital gain investment
any citation Or case law
thanks
cahemantdewani@hotmail.com
02 March 2009
plot is appurtenant thereof or its an another asset.
if appurtenant thereof than husband can claim exemption U/S 54 and if its different than flat for U/s 54 and for plot U/s 54F provided he satisfy other conditions.
if appurtenant thereof than husband can claim exemption U/S 54 and if its different than flat for U/s 54 and for plot U/s 54F provided he satisfy other conditions.
07 November 2021
Get permission from wife for the construction and use of house property over the land owned in her name.
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