POSTED BY December 7, 2012 8:56 am COMMENTS (6)ON
My husband and I jointly bought a flat in August 2009, for Rs 1 Cr 4 Lacs (including stamp duty and registration). rs 64 lacs was from bank loan and some money was given by both sets of parents. Rest was from our savings.
Now as we are getting divorced, my husband has bought out my share and paid me Rs 5920000/-. the release deed was registered in september 2012. The outstanding loan balance was Rs 29 lacs, which is now my husband’s liability. pls explain what will be my Capital gains tax.