Hello Members
My query is on LTCG on sale of flats
1. Wife has 2 flats which was used as self occupied but let out one flat about one year ago
2. Husband has another flat in another state used as self occupied for 20 years now let out about 2 years ago
The query is
Can the the sales proceeds of the above 3 be reinvested in the joint names of husband & wife in another property to avail relief of tax on LTCG
CAclubindia
