Capital Gain Doubt

Sonia Verma (state govt employee) (347 Points)

03 July 2011  

Mr. X had bought a house in 2007 for 10 lakhs...

During 2009, he registered the same house in the name of Y & Z, his major Son & Daughter.

In 2011, the house is being Sold for 20 lakhs...

How will the Capital Gains be computed? Will there be separate computation of C.G in the hands of Y & Z?