Income tax query for capital gains tax
This query is : Resolved
Kollipara Sundaraiah
(Querist)
25 March 2021
Sir,
It Assess money gift to wife Rs:50 lacs through on bank mode .wife gift money used for property purchase .if wife purchases property after 1 year sale .
Question:
1.capital gains tax clubbing for wife or husband incomes.
2. sales of old property after purchases of new another property name is wife or husband it benefits.
It Assess money gift to wife Rs:50 lacs through on bank mode .wife gift money used for property purchase .if wife purchases property after 1 year sale .
Question:
1.capital gains tax clubbing for wife or husband incomes.
2. sales of old property after purchases of new another property name is wife or husband it benefits.
Dhirajlal Rambhia
(Expert)
24 September 2021
1. CG to be assessed under husband's PAN
2. It will be completely of wife's ownership.
2. It will be completely of wife's ownership.
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