MAMTA (Student) (98 Points)
29 June 2018Dear Experts,
My Brother and his wife is a salaried person. they had sold an old residential flat and bought new one in FY 17-18. they are joint co owners. now my question is,do they both need to show capital gain and exemotion u/s 54 in their return or any one of them can show it?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178406 Points)
Replied 29 June 2018
Who were the owner/s of the property sold?
If both of them, declare in both files...
CAclubindia
