Share in capital gain
This query is : Resolved
Quick Summary
20 October 2020
My capital gain arising from sale of flat arises 2,80,000/- .
1. property is 50% owned by me and my brother .
2. Capital gain taxes 2,80,000/- equally paid by me and my brother .(That is 1,90,000 by me and 1,90,000 by my brother )
3. where to show in capital gain tab in income return share . In income tax return its showing full value that is 2,80,000/- .
1. property is 50% owned by me and my brother .
2. Capital gain taxes 2,80,000/- equally paid by me and my brother .(That is 1,90,000 by me and 1,90,000 by my brother )
3. where to show in capital gain tab in income return share . In income tax return its showing full value that is 2,80,000/- .
CA R SEETHARAMAN
(Expert)
21 October 2020
Show only 50% value of sale and cost.
01 November 2020
CA R Seetharaman sir ...thnk u soo much for ur reply and time . I done it as u said and finally submitted the return . thnk u soo much sir
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