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Sale of residence house
one house purchase by husband and wife and same was sold by both in the years 2022, purchase deed as well as sale deed of the above said house was executed in the name of both husband and wife. but total sale consideration only show in husband 26As and AIS. my query is all sale consideration is taxable in hands of husband or both.if both taxable as per half share then pls guid me.
Replies (6)
Sec 64 of income tax act
Whether TDS was deducted by purchaser? (if sell value = or > 50L), if yes then under which PAN?
Pls post more details.
Sir sale price of the said house is 38 lakh
As such it will be assessed in both PAN, provided the registry signed by both husband and wife as sellers.
Need to give feedback in AIS about both being sellers.
But will be clubbing as per Sec 64
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