22 November 2020
Me and my brother sold a property for a sale consideration of Rs.60,00,000. LTCG after indexation comes to Rs.20,00,000. In ITR2, in Sec. CG, under B.1.f, where one has to provide the buyer details, can you please advise what should be the purchase amount to be provided? Would it be full Rs.60,00,000 or apportioned amount of Rs.30,00,000 as me and my brother would be showing only our share of the deal (sale amount, cost amount etc.) in Schedule CG.
CAclubindia
