Long term capital gain on selling of house property

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Neeraj Varshnay (Querist)
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02 May 2024 sir
I was purchased a house in 2011 with my savings and housing loan. The was purchased on jointly me and wife name. In dec 2023 I was sold this house and 1% TDS was deposited in both of ours PAN account. Now I want to know that long-term capital gain will arise only on me or both of us.
thanks

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 May 2024 Technically, you both are co-owners of the HP, hence better to declare it under both PAN.

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Neeraj Varshnay

Neeraj Varshnay (Querist)
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02 May 2024 sir
how ltcg be shared whether 50:50 ratio or in other ratios

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 May 2024 Unless it is specifically mentioned in agreement, divide it equally. Check the TDS certificate issued by purchaser for reconciliation.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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08 September 2024 Good Luck.

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