Capital gains exemption for legal heir

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..... An Assessee and her husband sold a long term asset being agricultural land in April 2012. To claim exemption the assesee bought a residential plot in her name in March 2013 (she did not have another r .....

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..... esidential house) intending to construct house on it. Unfortunately she died in June 2013 before opening the Cap Gains account with a bank which was to be used for construction costs. Would the spou .....

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..... se be able to get the exemption which the assesse was entitled to for both the plot and the construction costs and on whose name can the cap gains account be opened if that is possible? - Reply By Sa .....

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..... ndeep Saini - The Reply = Above query should be read as not being agricultural land as the land was in urban limits . - Capital gains exemption for legal heir - Query Started By: - Sandeep Saini .....

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..... Dated:- 21-7-2013 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - .....

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..... taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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