Capital Gain/

This query is : Resolved

Guest

Guest (Querist)

15 June 2009 If a person sold his house property in his name.. and he invested the proceeds in another house property as per the time limit he will get exemption from the Cap Gain Tax....

But if the new property is jointly owned in the name of him and his spouse.. and spouse is not contributing any money and all the proceeds invested are from the tax payers pocket is he still get the exemption......

Give me legal documentation for the same.. if Yes or No.....

Aditya Maheshwari

Aditya Maheshwari (Expert)
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15 June 2009 Yes he will definately get exemption.
Legal documentation will be sale deed.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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15 June 2009 Yes he will definately get exemption of the amount he has contributed in the new house property.
Legal documentation will be sale deed, society transfer certificate.

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