https://www.taxtmi.com/forum/issue?id=109819 Long-term capital gain arising on sale is taxable in the year of sale; to claim exemption the taxpayer must reinvest gains or deposit proceeds in the Capital Gain Account Scheme before filing the return for that assessment year. Investment in Capital Gain Bonds must be in the seller's sole name. The adviser noted these timing and naming requirements but did not resolve whether a joint house purchase with the seller's son secures exemption for the seller's contribution. en-us Tue, 02 Feb 2016 13:41:18 +0530 Thu, 23 Jan 2025 15:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109819 Long-term capital gain arising on sale is taxable in the year of sale; to claim exemption the taxpayer must reinvest gains or deposit proceeds in the Capital Gain Account Scheme before filing the return for that assessment year. Investment in Capital Gain Bonds must be in the seller's sole name. The adviser noted these timing and naming requirements but did not resolve whether a joint house purchase with the seller's son secures exemption for the seller's contribution. Discussion-Forum Income Tax Tue, 02 Feb 2016 13:41:18 +0530 https://www.taxtmi.com/forum/issue?id=109819