Legal Question in Real Estate Law in India

"A" sold his self purchased property of 30 years, thereby invoking long term capital gains tax. Now he wants to purchase indiviaul properties in the name of his two sons without intending to add his name in the new properties (He only wants the name of his sons in the 2 properties respectively), How can he do so without having to pay Long term capital gain tax


Asked on 2/26/11, 11:59 am

1 Answer from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

No exemption for purchase of property in other names, including sons.

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Answered on 5/11/11, 10:04 pm


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