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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

LTCG - Exemption u/s 54 - assessee and her husband purchased the ...


Tax Exemption Allowed for Property Purchased in Son's Name u/s 54 for Long-Term Capital Gains.

September 30, 2019

Case Laws     Income Tax     AT

LTCG - Exemption u/s 54 - assessee and her husband purchased the new property in their son’s name - the new residential house need not be purchased by the assessee in his own name nor is it necessary that it should be purchased exclusively in his name.

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