capital gains

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Rohan Sharma (Querist)
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19 May 2011 Mr x had purchase a building.the total cost of building was paid mr x. but the share certificate of that building in the joint name of Mr X & his spouse name. mr X going to sold that Building. who will be liable to pay tax mr x 0r his spouse or both?

U S Sharma

U S Sharma (Expert)
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19 May 2011 as its paid and shown in assets of Mr X's assets, the capital gain would be accounted in hands of Mr X only, and Mr X would receive the whole consideration, tax would be paid by Mr X only

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