How to bifurcate the LTCG when they are two parties, is there any specific ratio we have to follow, if yes please quote the relevant provision of income tax.
in case of 2 related parties like husband and wife there will be no agreements specifying the ratio of investment, the property which is sold will be in both their names, suggest how to apportion the capital gain, if there is any reference in income tax, please mention the relevant provision to support your answer.
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