Does the liability of long term capital gains split in case of the property is in name of 2 brothers / jointly held by 2 brothers?
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Long term capital gain on joint property
Replies (3)
yes it will be bifurcated
and what if reistered in the name of elder brother but belogs to both the two brothers , and there is no prove for ownership of the other brother (whom the property is not registered) as the property is held as a investment and not for residence
cap.gains tax liability will be upon elder brother
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