Capital gains
This query is : Resolved
04 July 2014
my client is an govt employee, he has sold site last year and there is capital gain on that he has invested the same in some other property. there is no capital gain tax on it. do he need to reflect some where in IT form about this. if so then which ITR he should use. he has salary, house property and capital gain this year, please tell me which form need to be used?
04 July 2014
The Capital gain has to be disclosed in the IT form and exemption on investment also claimed in the IT form. Form ITR-2 to be used.
05 July 2014
you have to disclosed the all income , it is exempt or taxable.
you can use ITR-2 for capital gain .
you can use ITR-2 for capital gain .
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