Regarding sell of flat and short term capital tax gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 April 2013 My brother has flat,now he wants to sell it.In this flat My brother is applicant and my father is co-applicant.Can buyer return booking amount and premium amount through cheque in name of my brother and my father .We wants booking amount cheque in name of my brother and premium amount through cheque in mane of brother and father for saving of short term capital gain tax.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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11 June 2013 It is important to see who paid the booking amount. If both have paid equally then the cheque should be taken in the name of both the applicant. If the payment has been made only by your brother then the payment should be taken in the name of your brother.