My wife sold vacant site in 02May2018 for 77 lakhs got LTCG of 75 Lakhs
I, Husband sold apartment on 02 Dec 2018 for 62 Lakhs got LTCG of 60 lakhs
Both jointly Purchased a house on 02Aug2018 for 200Lakhs
Wife wants to claim exemption of CG 75 Lakh on property sold in 02May2018 with purchase of new house Jointly with husband on 02Aug2018 for 200Lakh
Husband wants to claim exemption of CG 60 lakhs on property sold on 02Jan 2019 with purchase of new house jointly with wife on 02 Aug 2018 for 200Lakhs.
IS THIS TRANSACTION IS LEGAL?
with regards
VIJAYAKUMAR
