Bought plot in wife's name who is a homemaker. On sale, how income tax is calculated

Felaket

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Bought plot in wife's name who is a homemaker. On sale, how income tax is calculated As per the provisions of Section 64 of Income Tax Act, all the income arising on property gifted to your spouse is required to be added in your hands. So capital gains on sale of both the plots will be taxed in your hands
 
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