Capital gain on jointly owned prop

Rahul Panchamiya (Manager) (24 Points)

19 April 2015  

Hi,

If person A has joint ownership of house property with his Father though entire amount was paid by only him for purchase, while selling the property, can he invest full capital gain amount u/s 54 or it will be split based on some proportion? Nothing was mentioned in original property deeds about the share of contribution.

Regards

CA Rahul Panchamiya