Sale of house in my single name
This query is : Resolved
05 September 2019
Can I invest the sale proceeds(Capital gains) to purchase a flat/house in joint names of my son ,and eligible for tax exemption u/s 54 of IT act.
Arun Kr.Banerjee
Arun Kr.Banerjee
05 September 2019
Possible to invest in joint names.
Citation:- Mrs. Jennifer Bhide (2011) 203 Taxman 208 (Kar).
Citation:- Mrs. Jennifer Bhide (2011) 203 Taxman 208 (Kar).
05 September 2019
yes, you can very well do that
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