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Q. > Please Help: CAPITAL GAIN EXEMPTION
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311 views • Question added Oct 28, 2014 • Income Tax • By JAGDISH AGARWAL , CA , Bikaner


DEAR SIR

I HAVE A QUERY AS FOLLOWING:

I SOLD A HOUSE BY GAINING A CAPITAL GAIN OF RS. 400000/-. I INVESTED THIS AMOUNT IN CONSTRUCTION OF A NEW HOUSE BUT THE LAND WAS REGISTERED IN NAME OF MY FATHER.

BUILDING CONSTRUCTION WAS PARTIALLY AS INVESTED BY ME AND SOME OF THE AMOUNT WAS INVESTED BY MY FATHER.

PLEASE SOLVE THIS QUERY WITH RELEVANT CASE LAW.

I LOOK FORWARD TO HEAR FROM YOUR SIDE.

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