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.
Menu
Capital Gain Tax on individual sale/joint purchase
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
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
