DWQA User Profile BeniparveenQuestions(1)Answers(0)Posts(0)CommentsHi SrikanthMy father has sold a residential house in June 2018 for 58 lakhs. He bought it in 1998 for 2 lakhs and cost of construction @ 3 lakhs. In 2012 he took home building loan from his office for improvement @ 2.25 lakhs. My questions are:-1. Cost of indexation and capital gain arising out of the sold property.2. Can my father buy plot in joint name with my mother also?. Will capital gain tax exemption be given in that case.If the whole capital gain is reinvested in buying of plot, is it necessary to construct the plot within 3 yrs?On Answer for Long term capital gains (Sale of Property)Crop
