One of my client purchased flat in F.Y. 2004-05, which was co-owned by her wife. When he sold that flat, whole amount was credited in his account only, So now whether the whole amount of gain will be taxed in his account or only half of it?
Menu
Capital gain taxability
Replies (2)
Capital gain shall be taxable proportionately to both husband and wife irrespective of the fact that the proceeds are credited to husband's account.
Ok thanks
Recent Topic
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
Related Topics
CAclubindia
