Wife owns a house site wants to dispose of and buy a house property jointly in her name and her husband name also and husband willing to contribute 20% share from his source. will it be possible do so and husband already owns a house property. can the capital gain on sale of house site be set off in the purchase of new house property jointly.
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Joint house property- husband wife
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Exemption will be available in resepect of amount contributed by the wife.
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