India, Aug. 22 -- When married couples or family members buy a home together, it's common to put both names on the title. But the financial contribution may not always be equal. One spouse may pay a larger share, or even the entire purchase price, while the other is added to the title for security, succession planning or simply as a family decision.

That can create a tax complication when the property is eventually sold. How should the capital gains and related tax exemptions be divided when ownership is joint but the financial contributions are not?

A recent ruling by the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) offers clarity for co-owners and married taxpayers. The tribunal emphasised that tax treatment need not be de...