Tax exemption on sale of inherited property

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  1. Vishal Kaneria

    Vishal Kaneria New Member

    Property of my deceased father inherited by probet to our Two Brother. we have sold it and purchased New house on one brother's wife name. and Loan Taken on One brother's Name(Husband). So Both brother can claim Capital Gain Exemption on Purchase of New House.
  2. rudrabose

    rudrabose Active Member

    No, only the person who is the registered owner of the residential house can claim the exemption.

    The person who is not the registered owner cannot claim the exemption.
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