Capital gain

YAGNESH HASMUKH DAVE (Querist) 24 January 2014 This query is : Resolved
if a husband and wife have residential flat in 1/2 share in their name husband name is first and second name of wife they want to purchase another flat in 1/2 share and this time first name is of wife and second name of husband then what will be effect of capital gain at time of selling any one residential flat can they invest in another residential flat for exemption from capital gain tax or have to invest in capital gain bond will both be having capital gain tax our only the person with first name pl explain in brief

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ajay sethi (Expert) 24 January 2014
yes they can invest in another flat to avoid long term capital gains tax . if you dont want to purchase another flat invest in capital gin bonds

Rajendra K Goyal (Expert) 24 January 2014
In another property or capital gains Bond is the way to save capital gains tax.

YAGNESH HASMUKH DAVE (Querist) 24 January 2014
sir my question what will be the effect in future if they sale one flat out of this two flat which is pruchased now so again they can invest in another flat to save capital gain or not

Devajyoti Barman (Expert) 24 January 2014
yes , he can...

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