Capital gain loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2018
Plot with building was purchased in F.Y. 2012-13 for 14,00,000 amount reflected in purchase deed and the same has been sold IN F.Y. 2015-16 for 12,00,000 amount reflected in sale deed. So how should i show the same in income tax return loss of net 200000 but after indexation it would be 17,78,000 should the loss of 3,78,000 be shown in income tax return and will there be any problem or not and the payment has been received by cheque for the same
I am in dilemma about how to show in income tax return plzz guide me
I am in dilemma about how to show in income tax return plzz guide me
21 March 2018
whats the problem? It is a simple case of long term capital loss. But make sure that the sale is not below the stamp duty valuation.
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