Ltcg on joint house property
This query is : Resolved
18 October 2013
Hello Experts,
If there is a LTCG of Rs.80Lacs (Husband & Wife had 50-50 ownership) on sale of house property. Now, can the husband put entire LTCG amount in capital gain scheme account to in his name only and utilized the same for buying/constructing new house property in his name?
If there is a LTCG of Rs.80Lacs (Husband & Wife had 50-50 ownership) on sale of house property. Now, can the husband put entire LTCG amount in capital gain scheme account to in his name only and utilized the same for buying/constructing new house property in his name?
18 October 2013
Hi
Yes why not he can get exemption by investing.
Thanks//VaibhavJ
Yes why not he can get exemption by investing.
Thanks//VaibhavJ
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