Sale of joint property at a loss: How to take maximum tax advantage
 

In case of joint ownership, all the joint owners may share the capital gain or capital loss as per the proportion of their holding in the property. The remaining part of both short-term and long-term losses, if any, may be carried forward up to 8 years from the year of sale.

 

Dr. Suresh Surana, Founder, RSM India explain in detail about this  with Financial Express.

 

 

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