By mistake forgot to show the sale of property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2016
Sir one of my friend was asking me about the treatment of income from sale of property which was not disclosed during the year and the return was duly filed. Actually this happened in the month of March, 2015 for which the due date for return filing already passed, he by mistake forgot about that and filed his income tax return, so now what to do in order to disclose such income from sale of property.
20 September 2016
If the return has been filed within the due date file revised return. You can opt for Income disclosure Scheme before this month end and pay 45% taxes.
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