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Jyoti Kochhar
Dear sir/madam
My father sold his residential property in may 2020 and purchase new residential property in june 2020 to save his LTCG tax as there is rule to hold new property for 3 years to save LTCG but he wants to transfer his property to his wife can he do this or he can't transfer his property to his wife for 3 years as there is provision that to save LTCG person have to hold his property for 3 years ar he can transfer his property to his wife and save LTCG
No he cannot transfer the property to his wife as it will attract LTCG
CA Naman Maloo 26 Jul 2020He can do that no issue but it wont help as gift to wife would still attract clubbing of income.
T&C apply