Capital Gains Exemption in NHAI Bonds in Joint Name

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  1. AnkitguptA

    AnkitguptA New Member

    Dear Sir/Madam,

    My father is investing a Long Term Capital Gain (from residential house) of Rs 50,00,000 in NHAI bonds to save LTCG tax.

    If i become second bond holder without any investment, then my father's capital gain liable for tax calculation will be zero or not ?

    All experts are requested to help
    Regards
     
  2. Prof Bajaj

    Prof Bajaj New Member

    You becoming second holder will not impact your father's tax liability as long as below 3 conditions are fulfilled.

    1. Property sold was in his name.

    2. He is the 1st holder of the bonds.

    3. Cheque for investment in the bonds is issued from his account.
     
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