Investing in A Wife- Recently, the Income-Tax Appellate Tribunal’s

Investing in A Wife- Recently, the Income-Tax Appellate Tribunal’s

Recently, the Income-Tax Appellate Tribunal’s (ITAT) Mumbai work work work bench denied a taxpayer the main benefit of long-term money gains (LTCG) taxation, that allows a person to truly save income tax on the gains he makes after offering a home. He is able to achieve this by spending the profits in a fresh investment property.

The cause of denial: The taxpayer didn’t purchase the brand new home in their title – rather he bought it within the title of their spouse and daughter. Your order is contrary towards the view that various other ITATs and courts that are high consumed yesteryear. Delhi tall Court, for instance, permitted a taxpayer to .

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