Release deed in wife's name

Querist : Anonymous (Querist) 08 November 2018 This query is : Resolved
Good day sir, I want to release share on property owned jointly to my wife. If sell of property in future, who will deal with LTCG, me or wife? She has not contributed in payment of flat sum. And I have not claimed IT exemption on income under 80C. I am seafarer by profession , indian citizen and NRI tax status....and if I sell flat it could attract 20% TDS. I want to get rid of this issue. please guide. Thanks in advance...

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SHIRISH PAWAR, 7738990900 (Expert) 09 November 2018
You cannot avoid 20 % TDS.

Querist : Anonymous (Querist) 12 November 2018
What if I bought LTCG before agreement / after token amount??

Querist : Anonymous (Querist) 12 November 2018
What if I bought LTCG bonds before agreement / after token amount??

KISHAN DUTT KALASKAR (Expert) 12 November 2018
Dear Sir,
Please contact any chartered accountant as the issue involves expert advice by chartered accountant.

Please mark “LIKE” if satisfied by my answer.

Kumar Doab (Expert) 12 November 2018
Pls don’t post as AQ and post with your ID and you can get many responses.
Your ID does not mean your email id or phone number etc and don’t post these.
Before attaching any document erase all names, logo, email id, phone number, address etc to maintain confidentiality.
Obtain proper legal opinion in writing from LOCAL counsel specializing in concerned field of law.

Kumar Doab (Expert) 12 November 2018
Your own LOCAL counsel specializing in I/Tax matters can help you.
You can also post in LCI groupwebsite CAClubindia.

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