Capital gain tax calculation on property

Hello

I have bought flat on my name with my father and mother as joint holders.

Within 4 months I have sold my old home which was on my father's name and myself and mother were joint holders.

As per section 54 I can claim benefit on long term capital gain tax as I have sold old home within 1 year.

I have below question:

  1. I have bought home and have 26qb on my pan but have contribution from father as well as mother.
  2. Old home sold has 26qb on my father's pan but myself and mother were joint holder

 

How can I file return for long term capital gain tax?

 

Replies (1)

Why don't you think of all the three holders as sellers and same as purchasers in new house property?

Easier way with Nil tax liability on any seller.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details