Capital gain tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2015
Dear Sir,
If property is in joint name of husband and wife then capital gain from transfer of the property is taxable in the hand of both husband and wife in share of his capital contribution at the time of purchase.
Both husband and wife carry out business and filled his separate ITR .
If property is in joint name of husband and wife then capital gain from transfer of the property is taxable in the hand of both husband and wife in share of his capital contribution at the time of purchase.
Both husband and wife carry out business and filled his separate ITR .
CA Kapil Verma
(Expert)
16 March 2015
if both contributed to the capital on the time of purchase then capital Gain should be segregated between the investment holders.
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