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LTCG from sale of House Property

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(Querist)
13 June 2023 Am planning sell my flat which is purchased in 2003. Whatever the LTCG , can I invest this amount as joint owner with my wife in new house property?. Cost of the new property is 2 times of my LTCG.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 June 2023 Yes, you can invest jointly with your wife and still claim exemption u/s. 54 IT act, by investing the amount in new house property within specified time limit.
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Satheesan Ragh

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Satheesan Ragh (Querist)
13 June 2023 Thank you so much sir.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
13 June 2023 You are welcome.
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