wife sold his house and husband construct the house with the help of amount of sold house of his wife , how can we get the benefit of capital gain. the house was sold in december 2011 and construction from 1.4.2011 to 31.03.2012, please guide
1 Answers
As old house was in wife's name, she would earn capital gains on its sale. In order to save income tax on this gains, new constructed house should be on her name.
Related