Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2014
One My client sale his residential house property having LTCG and he purchase new house property exclusively name of his son. can father claim deduction under section 54? for the property purchase exclusively name of her son?
14 April 2014
Legal title is not necessary. Application of sale consideration in purchase/construction of HP is sufficient to claim exemption
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