Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2015
During Financial year ended 31.03.2014, I had sold a land for Rs.30.00 lac, which was purchased by me in the year 2006. After applying indexed cost, there is not any capital gain. I have been efiling my IT return since last four years in ITR 4S declaring my business income u/s 44AD. May I still file my return in ITR 4S without showing the above sale of land ?
Nikhil Kaushik
(Expert)
06 July 2015
you should show the sale of land and file ITR-4...you can offer 44AD income in ITR-4 too..
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