LTCG from sale of House Property
This query is : Resolved
Quick Summary
Satheesan Ragh
(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.
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.
Satheesan Ragh
(Querist)
13 June 2023
Thank you so much sir.
13 June 2023
You are welcome.
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