Sale & purchase of property
This query is : Resolved
13 June 2024
My husband (single) sold a property in Oct 2023 for 1,60,00,000 and TDS deducted 160000 with a LTCLoss of -300000
With this money We (husband & wife) jointly bought a property for 15200000 TDS paid.
It is shown both in our 26AS & AIS.
Husband Rs. 7649000 and TDS of 76496
Wife Rs. 7649000 and TDS of 76496
How to show it in my husband's ITR 2 if we want to ask for refund of 160000
Do I need to show the purchase as my income is only 3 lakh a year.
please clarify
With this money We (husband & wife) jointly bought a property for 15200000 TDS paid.
It is shown both in our 26AS & AIS.
Husband Rs. 7649000 and TDS of 76496
Wife Rs. 7649000 and TDS of 76496
How to show it in my husband's ITR 2 if we want to ask for refund of 160000
Do I need to show the purchase as my income is only 3 lakh a year.
please clarify
13 June 2024
Show LTC loss of 3 lacs in husband ITR and claim refund of TDS of 1,60,000.
13 June 2024
Is it typo error??? ..... Whether the sell of the property took place in Oct 2022 or Oct 2023?
If Oct 2022; you need to file return for AY 2023-24, under sec. 119(2)(b), provided not filed earlier.
If Oct 2022; you need to file return for AY 2023-24, under sec. 119(2)(b), provided not filed earlier.
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