Dear Expert
There is case where A person named Ram who purchased a property of INR 42.5 lac price in 2020 and property is proposed to sell now of INR 1.04 cr
Out of this 1.04 Crore , 80 lakh will be used to purchase residential property. Whether there will be any capital gain here ?
2nd question whether new property purchased will be on the name of Ram or he can purchase the new property in joint ownership with his mother or wife?
Regards
Deepak
CAclubindia
