Sir I sold a flat on my single name with capital gain of Rs 10 lacs .my QUERY is can I add my husband name as co owner with 40 % amount to be paid by him. will it be ok for the income tax departments. Please advise.i will use more 20 lacs as my share. please advise..Thanks and REGARDS
2 Answers
Hi,
If you have already sold the flat, how can you get your husband's name added as co-owner now?
Related article :
How to save Capital Gains Tax on Sale of Land / House Property?
Hi,
Your follow on query (as below) :
Sir i sold my flat which was on my single name and wish to buy a new flat with adding my husband name .C an i do it i will put all my money of Rs 280000. The new house costs about 450000 the balance will be paid by my husband. Is it ok from the point of view of income tax. Please advise thanks and REGARDS
My suggestion:
It should be ok.
But, do consult a CA a well in this regard.
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