Bifurcation long term capital gain(ltcg) between two parties
This query is : Resolved
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.
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.
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.
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.
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.
12 December 2014
it will be bifurcated in the ratio of ownership of properties.
Rupesh Jain
(Expert)
12 December 2014
you have bifurcated in ratio if fixed otherwise you take 50-50%
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