31 August 2017
Respected Sirs Whether capital gains tax arising form the sale of an urban property belonging to a wife can be adjusted in building a house on an rural agricultural land belonging to the husband. (with the permission of the gram panchayat) Please clarify the same with the appropriate provisions of law. Thank you.
31 August 2017
Yes it can be adjusted, just make sure that new house is in name of Wife.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
05 September 2017
Respected Sir With reference to your reply above, kindly clarify whether the rural land belonging to the husband needs to be transferred in the name of the wife. or whether mere construction of the house building in the name of the wife would suffice
CAclubindia
