Comment on Taxation Simplified

chica commented on 08 Oct 2013, 07:18 PM

what happens on profit of sale on 2nd residential property before 3 years as well as after 3 years.
The property is in joint name (both giving 50 %) So do both have tax benefit or both can deposit 50 lacs each in Capital gains account or bonds to save tax? please let me know
Thanks in advance

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