Capital Gain of one plot being used for construction of another plot. - Professionals - Taxation - TIK Share
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Capital Gain of one plot being used for construction of another plot.


rajesh agrawal

2015-06-15

Hello everyone,

A Plot has been sold in the name of husband . In the same year construction is to be done on another plot which is in the name of wife. Can the capital gain in the name of husband be used for the construction of plot in the name of wife, to save tax ?

Thanks in advance

Jigyasu Jasoria

2015-06-16

Hi Rajesh, 

Can you tell us if the plot in question is residential in nature?

Reply

rajesh agrawal

2015-06-16

both plots are residential

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