Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Tejas Chokshi | Answer |Ask -Follow

Tax Expert - Answered on Apr 25, 2023

CA Tejas Chokshi has over 20 years of experience in financial planning, income tax planning, strategic and risk advisory, banking and financial products and accounting and auditing.
He is an information system auditor, a forensic auditor and concurrent bank auditor.
Chokshi, who has a master’s degree in management, audit and accounting from Gujarat University, has completed his CA from the Institute of Chartered Accountants of India.... more

Question by S.S.Gangwar on Mar 13, 2023Hindi

Listen

Money

Can the LTCG Earned by father be invested in house construction of his son to save income tax

Ans: No, Long Term Capital Gains (LTCG) earned by an individual cannot be invested in the house construction of their son to save income tax. Under the Income Tax Act, Section 54, an individual can claim an exemption from LTCG tax liability if they invest the sale proceeds in the purchase or construction of a residential house property. However, the exemption is available only if the individual invests the capital gain in their name and not in the name of their son. Additionally, there are other conditions that need to be fulfilled for claiming the exemption.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Mihir Tanna |1043 Answers |Ask -Follow

Tax Expert - Answered on Mar 15, 2023

Question by S.S.Gangwar - Mar 13, 2023Hindi

Listen

Money

Can the LTCG earned by father by sell of a house property be invested in house construction of his son and get tax exemption on LTCG

Ans: No

Person who earn capital gain is required to invest gain amount in another property to claim tax exemption within prescribed time limit.

Mihir Tanna |1043 Answers |Ask -Follow

Tax Expert - Answered on Jan 22, 2024

Question by VSPMANI - Jan 19, 2024Hindi

Listen

Money

Can the TAX on LTCG earned from sale of House property be set off by loss in sale of another house after 3 years of LTCG earned. The LTCG amount is kept in CGSS of SBI

Ans: No, it will be taxable @20% plus applicable surcharge cess in the year of expiry of 3 years from transfer of original asset. Further, to withdraw money from CGSS of SBI, you need to submit proof of tax payment along with computation and relevant documents of property to jurisdiction assessing officer. Once you receive approval in writing from officer, SBI will allow you to withdraw the money.

Samkit Maniar |180 Answers |Ask -Follow

Tax Expert - Answered on Mar 28, 2024

Question by Pardeep - Mar 21, 2024Hindi

Listen

Money

My mother sold house with LTCG on it. Can she invest the LTCG on buying new house on my name to save tax.

Ans: Unfortunately, she cannot buy new house in your name as capital gains in her name.

Latest Questions

Dr Dipankar Dutta |1136 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Apr 15, 2025

Asked by Anonymous - Mar 05, 2025Hindi

Listen

Career

Hello sir , im an neet dropper preparing for 2025 . My marks are coming like 280 - 310 . I just want 550+ marks , can i get it in 60 days my syllabus about to finish , im very tensed sir and moreover my question practice is less too , i don't get time to revise physics and practice as i have test one day then gap and again test , so sur please help me atleast get 550+ marks . Its very difficult for me to think straight my parents have lot of expectations

Ans: Target: 550+ Marks
Biology: 340+ (Out of 360)

Chemistry: 140+ (Out of 180)

Physics: 70+ (Out of 180)

Stop over-stressing about tests. Use them to identify weak areas.

You are not alone — many NEET toppers had the same fears. They turned it into fuel, not fear.

Talk openly with your parents — they love you and will support you no matter what.

Focus on daily progress, not the big target.

Sleep well, eat light, and stay hydrated.

Resources You Can Use:
Biology: NCERT + MTG NCERT at Your Fingertips + Previous Year Questions.

Chemistry: NCERT + N Awasthi (Physical), M S Chauhan (Organic), NCERT Qs (Inorganic).

Physics: NCERT summary + DC Pandey objective questions + PYQs (NEET Focused).

Please remember: You're already much closer to your goal than you think. You just need direction, not perfection. My daughter will give NEET this year. Good luck

Samraat Jadhav |2251 Answers |Ask -Follow

Stock Market Expert - Answered on Apr 14, 2025

Asked by Anonymous - Apr 14, 2025Hindi

Listen

Money

In 1995 Dec 2 i have received 100 Debenture in jindal vijayanagar steel. What is status right now?

Ans: The NCDs issued in 1995 were scheduled for redemption in installments over the 6th to 9th years, concluding by 2004. If you haven’t received the redemption amounts, it’s possible that the payments were returned due to address changes or other issues .
Reach out to JSW Steel’s Investor Relations or their Registrar and Transfer Agent (RTA) to inquire about the status of your debentures. Provide details like your folio number, certificate numbers, and any correspondence received.
If the debenture amounts remain unclaimed, they might have been transferred to the Investor Education and Protection Fund (IEPF). You can search for unclaimed amounts on the IEPF website.

Rajesh Kumar Singh |284 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Apr 14, 2025

Question by Binod - Mar 28, 2025Hindi

Listen

Career

AI aa jaane ke baad computer science ka demand b tech me rahega??

Ans: Demand will be lesser

Rajesh Kumar Singh |284 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Apr 14, 2025

Asked by Anonymous - Mar 28, 2025Hindi

Listen

Career

Sir can i get nit ece or civil branch with 89.72 percentile in jee mains and i am an ews female student . Domicile state is AP

Ans: May be in home state

Rajesh Kumar Singh |284 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Apr 14, 2025

Asked by Anonymous - Apr 05, 2025Hindi

Listen

Career

I GOT 96 PR IN JEE MAINS JANUARY ATTEMPT..I AM GENERAL EWS CANDIDATE..I Don't know what to do next?..should I drop to get better score or to take any random college..I am feeling very insecure about my future...I Had study alot still can't achieve good score...Should I change my career to any other field..Please help me

Ans: Try tier 2 college

Rajesh Kumar Singh |284 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Apr 14, 2025

Asked by Anonymous - Apr 08, 2025Hindi

Listen

Career

I got 95.06 percentile in jee mains 2025 ( the second one I am not expecting it to be better). I would be scoring 90+ in boards surely and in advance I am scoring around 190-210 ..... what other options do i have at jee mains score . Also i have filled forms for comdek,bitsat,vit,ugeee

Rajesh Kumar Singh |284 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Apr 14, 2025

Question by Harshit - Apr 10, 2025Hindi

Listen

Career

Can a obc student with 90 percentile in jee mains get nit ??

Ans: May be in home state

Rajesh Kumar Singh |284 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Apr 14, 2025

Asked by Anonymous - Apr 13, 2025Hindi

Listen

Career

I GOT 86 PERCENTILE IN JEE MAINS, I LIE IN SC CATEGORY, HOMESTATE- WEST BENGAL. WHICH BRANCH CAN I GET IN NIT DURGAPUR.

Ans: May be electrical, ceramics, civil

Rajesh Kumar Singh |284 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Apr 14, 2025

Asked by Anonymous - Apr 13, 2025Hindi

Listen

Career

My daughter may get seat CSE in MNIT allahabad DASA quota. fees around 28 lakhs total and DA IICT ICT program with SAT scrore fees around 34 lahks . Which one should I prefer

Ans: DA IICT ICT program with SAT scrore is better

Rajesh Kumar Singh |284 Answers |Ask -Follow

IIT-JEE, GATE Expert - Answered on Apr 14, 2025

Asked by Anonymous - Apr 14, 2025Hindi

Listen

Career

Sub: Education (Engineering) Sir / Madam Please recommend a short time (5-6 weeks) course on basic Python which will help student to get an understanding on the forthcoming semesters learning. Online / offline mode; anything as you feel good. For offline, location - Kolkata. My daughter will be completing 1st year (2nd Sem) computer engineering with data sc specialization by early May and want to utilise the upcoming summer vacation. (Note: 1st year dealt with basic engineering and basic Science subjects primarily, nothing much wrt Computer Engineering / DS). Regards

Ans: MCSE Course Better, find similar course at Kolkata

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x