Exemption

nibinajay (nothing) (124 Points)

10 January 2018

property of deceased assessee has been transfered to legal heir.
whether assessee got any exemption under capital gain.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177896 Points)
Replied 10 January 2018

Legal heir can get exemption u/s. 54/54F when he sells the property, but not while procuring it under inheritance!!

nibinajay (nothing) (124 Points)
Replied 10 January 2018

if legal heir investing amount under 54EC Then!?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177896 Points)
Replied 10 January 2018

Exemption u/s. 54EC can be availed for any LTCG arrived; but when any property is inherited, no LTCG is arrived.

Yes, he can get this benefit in the year of sell of the property.

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