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Tax

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(Querist)
06 August 2014 I have sold the house which is in the name of my wife but the payment recieved in my bank account? ? so who is liable to pay tax on that??
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Kalam

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Kalam (Expert)
06 August 2014 Your wife is liable to pay tax.

Better you open an account in name of wife and transfer sales proceeds to that account.

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