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Bifurcation long term capital gain(ltcg) between two parties

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(Querist)
11 December 2014 Dear Sir,

How to bifurcate the LTCG when they are two parties, is there any specific ratio we have to follow, if yes please quote the relevant provision of income tax.
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Nischit Sanghavi

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Nischit Sanghavi (Expert)
11 December 2014 It would be divided in the ratio of Investment made or any specification made in any documents or agreements.
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lakshman

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lakshman (Querist)
12 December 2014 Thank you for the response.

in case of 2 related parties like husband and wife there will be no agreements specifying the ratio of investment, the property which is sold will be in both their names, suggest how to apportion the capital gain, if there is any reference in income tax, please mention the relevant provision to support your answer.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
12 December 2014 it will be bifurcated in the ratio of ownership of properties.
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Rupesh Jain

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Rupesh Jain (Expert)
12 December 2014 you have bifurcated in ratio if fixed otherwise you take 50-50%
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lakshman

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lakshman (Querist)
17 December 2014 Thank you for the response sir.
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