HOW TO CLAIM CAPITAL GAIN

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  1. anonymus_123

    anonymus_123 New Member

    I HAVE SOLD THE FLAT ON 19.03.2015 WHICH WAS HELD BY ME & MY WIFE AND NOW I HAVE INVESTED THAT AMOUNT IN ANOTHER FLAT ON 18.03.2015WHICH IS NOW JOINTLY HOLD BY ME & MY SON NOW HOW SHOULD I PREPARE MY COMPUTATION OF INCOME OF MY WIFE SHOULD I SHOW CAPITAL GAIN IN HER OR NOT.
     
  2. Karan Batra

    Karan Batra Well-Known Member

    You can claim exemption from capital gains as you have reinvested the amount in purchasing another house.

    But as your house as not reinvested the proceeds - she is liable to pay capital gains tax
     
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