Dear All,
I have any querry about CG computation.
Suppose A and B are co owner of house property purchased in 2006. Now in 2012 A released 50% property share from B for consideration. In the same year A sales entire property to Y. Now
1} Weather entire property is chargeable to LTCG OR
2) 50% will charged to LTCG and 50% released share will charged to STCG.
Please refer case law if any.
CAclubindia
