New norms flowing in property transactions
Is your property deeded in your name along with your wife’s? If yes, here you have an exciting news, you can enjoy full exemption from long-term capital gain tax while selling your property.
Delhi High Court discussed with the government to declare the same.
Also High Court has implementing the same plan on the new property purchased in joint name and if the property owner has funded the entire cost of the property.
Source: The Financial Express
Delhi high court, Government, Long-term capital gain, Property, Property owner, Selling property, Tax