Sale of property
atharva mutalik (34 Points)
23 February 2021I have paid capital gains on sale
my question is will that 7L be taxed in the hands of my wife
if yes, how and under which head.
she is a salaried employee
atharva mutalik (34 Points)
23 February 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 23 February 2021
Josh
(Manager)
(124 Points)
Replied 23 February 2021
If you have paid applicable capital gain tax on entire sale consideration (including 7 lakh transferred to your wife), there would be no further tax.
Kapadia Pravin
(17249 Points)
Replied 24 February 2021
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