Taxability of caiptal gain
This query is : Resolved
14 September 2011
Hausband and wife are joint account holders in a bank. Husband is primary account holder in that account. Wife sells a plot and deposit the amount in the account. The plot is in the name of wife and cheque is also in favour of wife. Now the question is "who will be liable to pay tax on the capital gain earned on sale of plot?
1. Wife (Plot and cheque is the name of wife)
or
2. Husband (He is primary account holder in the account)
1. Wife (Plot and cheque is the name of wife)
or
2. Husband (He is primary account holder in the account)
14 September 2011
wife is liable to pay tax on capital gain.
14 September 2011
wife will be liable for capital gains and pay taxes accordingly
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