Long term capital gain on selling of house property
This query is : Resolved
02 May 2024
sir
I was purchased a house in 2011 with my savings and housing loan. The was purchased on jointly me and wife name. In dec 2023 I was sold this house and 1% TDS was deposited in both of ours PAN account. Now I want to know that long-term capital gain will arise only on me or both of us.
thanks
I was purchased a house in 2011 with my savings and housing loan. The was purchased on jointly me and wife name. In dec 2023 I was sold this house and 1% TDS was deposited in both of ours PAN account. Now I want to know that long-term capital gain will arise only on me or both of us.
thanks
02 May 2024
Technically, you both are co-owners of the HP, hence better to declare it under both PAN.
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02 May 2024
sir
how ltcg be shared whether 50:50 ratio or in other ratios
how ltcg be shared whether 50:50 ratio or in other ratios
02 May 2024
Unless it is specifically mentioned in agreement, divide it equally. Check the TDS certificate issued by purchaser for reconciliation.
08 September 2024
Good Luck.
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