Houseproperty

26 August 2024

I jointly own house property with my husband. we have sold the same. can the proceeds from the sale transferred to my singly held savings account.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177726 Points)
Replied 27 August 2024

Yes, provided the purchaser agrees to it; as he has to deduct TDS for both the sellers.

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Baby Shetty (11 Points)
Replied 27 August 2024

Is it necessary to open seperate capital gains account in scheduled bank

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177726 Points)
Replied 27 August 2024

As such not required, unless you wish to get exemption u/s. 54 IT act, by purchase/construction of new house property.

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