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Long term capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 May 2015 I have sold the Flat in Sept 2014 in Rs. 1.11 Cr which i have purchase in June 1998 In Rs. 7.50 Lacs. Now i want to purchase a 50% share of new flat which is in my mothers name. I want to know can i purchase and show the investment of long term capital gain in this way. Please advise at the earliest.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 May 2015 yes. you can do so. but then your mother will have to reinvest her capital gains!

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