https://www.taxtmi.com/forum/issue?id=109059 Query whether capital gains exemption under Sections 54-54F applies to sale of a jointly held residential plot gifted over ten years ago, where co-owners propose reinvesting their respective shares in residential flats in another city; and whether both brothers can each purchase a flat and treat the entire capital gain so as to obtain full exemption, considering joint ownership, gifted origin of the asset, the ancestral house remaining in the late father's name, and the parties' senior-citizen status. en-us Fri, 21 Aug 2015 20:11:36 +0530 Thu, 23 Jan 2025 15:56:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109059 Query whether capital gains exemption under Sections 54-54F applies to sale of a jointly held residential plot gifted over ten years ago, where co-owners propose reinvesting their respective shares in residential flats in another city; and whether both brothers can each purchase a flat and treat the entire capital gain so as to obtain full exemption, considering joint ownership, gifted origin of the asset, the ancestral house remaining in the late father's name, and the parties' senior-citizen status. Discussion-Forum Income Tax Fri, 21 Aug 2015 20:11:36 +0530 https://www.taxtmi.com/forum/issue?id=109059