Capitan gain
This query is : Resolved
DEEPAK MHATRE
(Querist)
19 July 2012
Hi
I have purchased flat in year 2005 @5 lakh and now i sold it in jan 2012 for Rs. 12 lakh
But after selling this flat i have purchased another flat @23 lakh so do i have to mention this in my income tax return file under capital gains.
If yes the i have to use ITR-2 form
Regards,
Deepak Mhatre
9819112665
I have purchased flat in year 2005 @5 lakh and now i sold it in jan 2012 for Rs. 12 lakh
But after selling this flat i have purchased another flat @23 lakh so do i have to mention this in my income tax return file under capital gains.
If yes the i have to use ITR-2 form
Regards,
Deepak Mhatre
9819112665
CA PARAS BAFNA
(Expert)
19 July 2012
Yes you have to show the capital gains and related exemption under the Schedule of Capital Gain by using ITR 2.
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