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Selling Property in joint name
If my house is in my (first name)and my wife's name (50-50% ownership, since Both of us paid equally for buying the house), Can the Sale proceeds and LTCG be divided 50-50, for tax filing purposes ?
Replies (3)
Yes Exactly it's 50/50...
LTCG will be taxed equally 50-50% in the hands of husband and wife
Thanks Mr. Raja and Pravinbhai.
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