Capital gains exemption for legal heir

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....apital gains exemption for legal heir<br> Query (Issue) Started By: - Sandeep Saini Dated:- 21-7-2013 Last Reply Date:- 21-7-2013 Income Tax<br>Got 1 Reply<br>Income Tax<br>An Assessee and her husband....

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.... 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 residential house) intending....

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.... 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 spouse be able to get the exempt....

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....ion 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 Sandeep Saini: The Reply: Above....

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.... query should be read as not being agricultural land as the land was in urban limits.<br> Discussion Forum - Knowledge Sharing ....