ITR Form for sale of property

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This query is : Resolved

Quick Summary

If you've sold property in FY 2019-20 and need to report capital gains, you cannot use ITR-1 or ITR-4 as they don't have the necessary fields. You'll need to file using ITR-2. The government has not yet enabled online filing for ITR-2, so you must download the form from the income tax website, fill it out, generate an XML file, and then upload it through your e-filing account.

S SHAH

S SHAH (Querist)

12 June 2020 I have sold property in FY 2019-20. When I go to incometax site for online filling of return, it shows me only two options in my login of ITR-1 & ITR-4. the same ITR's are not having capital gain details. So what to do?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

12 June 2020 File ITR 2, download ITR form, fill and upload it.
Online filing allowed only for ITR 1 and 4.

S SHAH

S SHAH (Querist)

12 June 2020 How to download & upload ITR 2 in login?

Spurto Consultancy Services

Spurto Consultancy Services (Expert)

12 June 2020 The government is yet to notify Form ITR 2. The form have to downloaded from the website, fill the details, create XML and then upload from your Income Tax e-filling account.

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