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(Querist)
15 December 2012 Mr."A" has purchased a residential building before 10 years in the name of himself and her wife jointly at Rs. 10,00,000/-. The payment of Rs. 10,00,000/- was made by Mr. "A" himself. The residential property is appearing in the Balance sheet of Mr."A". The said property was sold at Rs. 20,00,000/-. Now Mr."A" wish to invest under capital gain account scheme, 1988. Now my question is :

Whether Mr."A" should invest in his name OR in joint name (i.e. in the name of Mr. "A" and her wife. Please note that the property is in joint name.
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@VaibhavJ

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@VaibhavJ (Expert)
15 December 2012 Hi

Ideally investment to be made in the name of First persons name, you can also invest in joint name.

Thanks
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CA VISHNU GAVKARE

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CA VISHNU GAVKARE (Expert)
16 December 2012 Capital gain will be in the hands of a so investment shall be in the name of A, but it can be on joint name also.
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Soumitra Basu

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Soumitra Basu (Expert)
16 December 2012 FOR SAFEGUARD INVEST IN JOINT NAMES.
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