Now, property co-holders won’t be taxed- Property News
August 16, 2016
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3:09Now PlayingNow, property co-holders won’t be taxed- Property News
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as posted by the channelIf the spouse has not invested in a property and is merely a co-holder, then on sale of such property, she cannot be liable for tax on capital gains, the Mumbai Income-Tax Appellate Tribunal (ITAT) has recently ruled.
The ITAT order will help many taxpayers as married couples are increasingly opting for property registration in joint names, even if only one of them is the investor.
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