Treatment of capital gains
This query is : Resolved
26 March 2012
Plz solve the query on urgent basis:
Treatment of capital gains in case we sold a property purchased in the name of wife from the funds of joint bank account of Husband and wife where husband is the First holder. and Specify the Section also
Treatment of capital gains in case we sold a property purchased in the name of wife from the funds of joint bank account of Husband and wife where husband is the First holder. and Specify the Section also
Yogesh Agarwal
(Expert)
26 March 2012
The capital gain would be taxable in the hands of wife. Since the property is registered in the name of wife and wife is also a holder in the joint account.
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