Property investment

Santhosh (Querist) 07 February 2018 This query is : Resolved
Hi, Me and my wife jointly owned a apartment and sold it around a year back. 2/3 of the amount from selling was paid towards the outstanding home loan and for the remaining 1/3 amount I am yet to make any tax payment. We planned to buy a residential plot with the gain i.e. 1/3 gain, and I would like to register this plot in my wife's name. If so, will I still need to pay the income tax towards the gain from the apartment? Or should we register the property jointly in both our names

Follow Query

Report Abuse

Dr J C Vashista (Expert) 11 February 2018
Consult a local lawyer practicing income tax or CA

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Vat on under constrution property - final amount
Tds on purchase of joint ownership property (flat)
Taxation on new property on own land
Ndmc property tax
Reporting inherited property and income on tax return
House property income-vacant commercial property
Sale proceeds of property sale - utilisation
Service tax of property regarding
Tds obligations on a resident buyer of property owned by nri
Immovable property transfer