Capital Gains clarification

G. Parameshwar Rao (Accounts officer) (66 Points)

01 July 2022  
Hello Experts,

A Husband and wife had a joint property and they sold the same property and received the consideration after this they have purchased the property in the name of wife in the same year by taking housing loan. As per my understanding there is no any capital gains for this. Please explain.

Thanks and Regards.