17 April 2010
We have sold our ancestral property with the signatures of Four persons viz two brothers A and B & two sisters C and D.We want to save Capital Gains so we want to invest in CG Bonds .Please tell me can we invest in CG Bond only in the name of two brother A and B as both sisters C and D does not need the share or it is mandatory to make CG Bond in the name of both bothers and sisters.
17 April 2010
The owners are A,B,C and D. In order to get exemption from capital gains reinvestment should be made separately in the names of A,B,C and D respectively.
CAclubindia
