calculation of capital gain

This query is : Resolved 

26 August 2007 there is joint property in the name of husband & wife.they have contributed unequal amount in property but in registry there was not any specific share in property.
if they sell this property ,how capital gain will be calculated?
can it be in proportion to their fund invested in property?

26 August 2007 please resolve my problem soon.....

26 August 2007 Capital Gain will be calculated as per the rules of IT ACt, but sharing will be as per their contribution only for Income Tax Asst. purpose.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries