54B capital gain on agricultural land
This query is : Resolved
28 July 2020
Mr.A sales agricultural land in urban area and Capital Gain Rs.34 Lakhs. For claiming 54B, Mr.A purchase another agricultural land in his wife name(Mrs.A) for Rs.42 Lakhs.
query is, Mr.A claim that amount? because C.G amount invested in Mrs.A
query is, Mr.A claim that amount? because C.G amount invested in Mrs.A
28 July 2020
As the land is purchased in the name of his wife A can't claim exemption.
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