capital gains on sale of land


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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2011 Husband and wife both own a piece of land each independently. Wife sells her piece of land and wants to give her husband the money to construct a house on the piece of land which is registered in his name. Wife wants to know how to avoid paying LTCG tax while helping in construction of the house.
Please provide alternative solutions.
Thanks

30 June 2011 WIFE CAN ENTER INTO AGREEMENT WITH HUSBAND PERMITTING HER TO HAVE A ASHARE IN THE SUOERSTRUCTURE TO BE CONTRUCTED ON LAND

CA MANOJ GUPTA
JODHPUR
09828510543


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