The three family members A, B and C jointly purchased a flat for thier living., by contributing in the ratio of 1: 2 : 5 and taking a loan from the bank. The EMIs of loan were paid by A and B in equal share for 3 years and then B stopped payng the EMI which was fully borne by A. After 7 years they want to sell the flat and live seperately .
How the capital gain tax is to be calcualted by all the three, C not being assessed as C never earned anything and his contribution was after selling his ancesotral property .
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