Comment on Taxation Simplified

Nithin Kamath commented on 10 Oct 2013, 04:01 AM

If you sell the 2nd property before 3 years, the gain exempted earlier will be taxed.

Each person is an individual assessee and he can get benefit of upto the extend of investment. So yes if both have invested 50%, both can get benefit upto that extent.

Cheers,

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