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capital gains

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 March 2011 Husband owning a flat sold the flat and investing the proceeds in construction of house.
The Land is on his wife's name. Can he claim capital gains exemption? If yes, under which section?
Anyone Please suggest.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
18 March 2011 Yes he can claim.

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