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Capital Gain Tax on individual sale/joint purchase

282 views 2 replies

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)

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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