Assume I am investing in my name and in my spouse name (House wife). In a financial year, both of us having long term capital gain of 1.25 Lacks, then can both of us can claim the LTG exemption of 1.25 Lacks, or only 1.25 Lacks, together.
Palanisamy K (3 Points)
16 September 2024Assume I am investing in my name and in my spouse name (House wife). In a financial year, both of us having long term capital gain of 1.25 Lacks, then can both of us can claim the LTG exemption of 1.25 Lacks, or only 1.25 Lacks, together.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174168 Points)
Replied 16 September 2024
Both can claim if you sell it after one year.
Palanisamy K
(3 Points)
Replied 16 September 2024
Thanks a lot Sir. So it applicable even under clubbing of income also. Since my wife is not earning anything.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174168 Points)
Replied 16 September 2024
Clubbing would not apply when the investment made by your wife directly. Not if you invest and gift it to your wife.
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
CAclubindia
