Capital Gain Tax on individual sale/joint purchase

Query: capital gain.
Property sold by wife was in individual name. (It was bought in 2001 & sold in 2023).

Another property purchased in joint name of husband & wife.
Full amount reinvested but in joint name.

Question is:
While calculating capital gain of wife, full amount of new property will be considered as reinvestment or only half? - as new property bought is in joint name of husband & wife.

Please guide.

Replies (2)
Quick Summary
This discussion addresses a common query regarding Capital Gains Tax when an individually owned property is sold and the proceeds are reinvested into a jointly owned property. The core question is whether the full reinvested amount can be claimed for tax exemption or only half, given the joint ownership of the new property. Guidance suggests that if the sale proceeds were entirely funded from the seller's bank account, 100% exemption may be possible.

If the total amount was paid through bank account of the lady, she can claim 100% exemption.

Capital gain on purchase and sale of shares exempted

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