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Inome tax-capital gain
I am karta of HUF, There is an ancestral property in the name of HUF, If I sele part of this property and I want to use this money in purchasing a new house. Let me know-
1. My son,s wife is considered as member of HUF or not ?
2. Can I purchase the house in her name ?
3.In whose name can I purchase the house ?
All this is to save capital gain Tax.
Please Guide & oblige.
Replies (1)
Answer to your questions
1. She is a member of the huf.
2 &3. House can be purchased only in the name of seller to claim exemption us 54.
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