Sale of Flat & Capital Gains Tax saving query

Q & A ForumCategory: GeneralSale of Flat & Capital Gains Tax saving query
SUDKUM asked 3 years ago
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
vijaykumar replied 3 years ago

I have sold Flat in Nov 2020 for 48 Lakhs. I want to construct a house with in 3 year say before end of NOV 2023. Do I need to file ITR2 in 2021 just stating sale transaction and intention to construct.
Do I need to File ITR2 in 2022 and 2023 also

2 Answers
Sreekanth Staff answered 3 years ago
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?
Sreekanth Staff answered 3 years ago
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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