Capital Gains
This query is : Resolved
10 September 2020
In case of death of a person, Property is Transferred to Wife & Children's name (Joint names only for safety purpose and no share mentioned).
Now the said property is intended for sale. So Capital Gains to be charged to Wife or all 3 in equal proportion? Should the amount be taken in Only the wife's account or all 3?
Any case law for Reference?
Now the said property is intended for sale. So Capital Gains to be charged to Wife or all 3 in equal proportion? Should the amount be taken in Only the wife's account or all 3?
Any case law for Reference?
CA R SEETHARAMAN
(Expert)
10 September 2020
Capital Gains to be charged to all 3 in equal proportion in view of joint property.
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