Slump sale, Income Tax

[Rakesh Bansal]

Whether a proprietor making slump sale of his business concern with long term asset can avail benefit of exemption under section 54F by way of investment in resi house or other wise establishing a new industry.The proprietor has one house at present. Whether he can purchae this house or industry  in the name of family members.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Have you got clarified in the above said issue? If not please inform.