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REG HUF CAPITAL GAIN

Querist : Anonymous (Querist) 30 December 2010 This query is : Resolved
DEAR SIR,

I WROTE OFF MY SHARE FROM HUF PROPERTY BASED IN KERALA STATE TO ONE OF THE OTHER CO - OWNERS OF THE HUF AND GOT THE PAYMENTS BY DD.

AS PER CAPITAL GAINS I HAVE TO INVEST IT IN A PROPERTY. HENCE PLS ADVICE IF I CAN INVEST THE SAME IN A PROPERTY ANY WERE IN INDIA OR ONLY IN KERALA.

PLS LET ME KNOW THAT I CAN INVEST IT IN TAMIL NADU.

CAN I BUY THE PROPERTY IN MY INDIVIGUAL NAME OR AS HUF IN TAMIL NADU?

KINDLY ADVISE

REGARDS

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R.Ramachandran (Expert) 30 December 2010
You can invest anywhere in India. You have to invest it in your own name.

Kirti Kar Tripathi (Expert) 30 December 2010
Yes, you can invest anywhere in India and also you have a right to invest in your name.

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