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Home / Legal / How to report the sale and purchase of a property under 50 lakh in joint names?
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How to report the sale and purchase of a property under 50 lakh in joint names?

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0 2023-06-26T17:38:08+00:00
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If you are looking to report the sale and purchase of your property in joint names, you need to make sure that all owners are listed on the transaction paperwork. Additionally, to avoid any confusion when filing taxes, it is crucial to report the loan interest paid by each owner separately if the purchase was made using a joint loan. Each buyer must complete Form 26QB for their particular buyer-seller share combination. It is advisable to seek advice from a legal expert regarding reporting the sale and purchase of real estate in joint names.

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Jaya K

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