I had purchased Land by making payment thru Pvt Ltd Co in 2008 where myself and my wife were Directors. In 2011 the said Pvt Ltd nominated our names i.e. self, wife, 2 sons and HUF and the Land was registered in our names by way 5 separate Deeds. I now want to sell this Land. Will I be able to claim Long Term Capital Gain in our personal files since the payment was made in 2008 thru the Pvt Ltd Co. Will I also be able to claim exemption if all of us invest the sale proceeds to purchase residential flat/s or house in our joint names?
V K Agarwal +919811152693 [email protected]
