Query of capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 May 2012
My query is:
Mr. A and Mrs. A is having one residential house property purchased before 1980. Mr. A is not well and having unconscious mind. Now, Mrs. A wants to sell this property.
As Mr. A is not well, Mrs. A wants to purchase another residential house jointly with his son to claim benefit u/s 54 . Can Mrs. A claim the benefit u/s 54 if she invest the entire capital gain in another house property jointly with his son.
Mr. A and Mrs. A is having one residential house property purchased before 1980. Mr. A is not well and having unconscious mind. Now, Mrs. A wants to sell this property.
As Mr. A is not well, Mrs. A wants to purchase another residential house jointly with his son to claim benefit u/s 54 . Can Mrs. A claim the benefit u/s 54 if she invest the entire capital gain in another house property jointly with his son.
Aditya Maheshwari
(Expert)
25 May 2012
Mrs. A claim the benefit u/s 54 if she invest the entire capital gain in another house property jointly with his son but Mr. A would be liable for tax on the capital gains.
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