Capital gain query
This query is : Resolved
22 February 2020
If assessee is not shown sale of property value 55lac and cost of acquistion 44lac and short term capital gain 11lac in A.y. 2018.19 Return. so query is now income tax officer can demand for capital gain tax on 55lac (total sale value) or on short term capital gain 11lac?
22 February 2020
Prima facie the ITO can tax 11 lakhs if u could file a revised return.
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