{"id":33730,"date":"2023-04-30T06:48:05","date_gmt":"2023-04-30T01:18:05","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=33730"},"modified":"2023-04-30T06:48:05","modified_gmt":"2023-04-30T01:18:05","slug":"long-term-capital-gain-arising-on-sale-of-residential-property-inherited-can-the-amount-be-invested-in-another-property-in-the-name-of-child-viz-married-daughter","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/long-term-capital-gain-arising-on-sale-of-residential-property-inherited-can-the-amount-be-invested-in-another-property-in-the-name-of-child-viz-married-daughter\/","title":{"rendered":"LONG TERM CAPITAL GAIN ARISING ON SALE OF RESIDENTIAL PROPERTY INHERITED, CAN THE AMOUNT BE INVESTED IN ANOTHER PROPERTY IN THE NAME OF CHILD VIZ MARRIED DAUGHTER."},"content":{"rendered":"<p>I SOLD THE RESIDENTIAL PROPERTY WHICH I INHERITED FROM MY PARENTS AND EARNED LONG TERM CAPITAL GAIN ON SALE OF THIS RESIDENTIAL PROPERTY. I WANT TO INVEST THE CONSIDERATION ON PURCHASE OF ANOTHER RESIDENTIAL PROPERTY IN THE NAME OF MY MARRIED DAUGHTER. WHETHER I CAN CLAIM EXEMPTION OF CAPITAL GAIN ON SALE OF RESIDENTIAL PROPERTY OR IS IT NECESSARY THAT I MUST PURCHASE IN MY NAME. SECONDLY CAN I PURCHASE JOINTLY IN MY NAME WITH THE NAME OF MY MARRIED DAUGHTER. PLEASE SUPPORT YOU ANSWER WITH PROVISIONS OF I T ACT AND CASE LAW, IF ANY, ON THE SUBJECT<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[322,896],"class_list":["post-33730","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-long-term-capital-gains","qa_tag-married-daughter"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/33730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=33730"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=33730"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=33730"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=33730"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=33730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}