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Ltcg on joint house property

This query is : Resolved 

18 October 2013 Hello Experts,

If there is a LTCG of Rs.80Lacs (Husband & Wife had 50-50 ownership) on sale of house property. Now, can the husband put entire LTCG amount in capital gain scheme account to in his name only and utilized the same for buying/constructing new house property in his name?

18 October 2013 Hi

Yes why not he can get exemption by investing.

Thanks//VaibhavJ



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