SEC 54 OF INCOMETAX
This query is : Resolved
08 July 2021
Kindly advise whether i have to file any form for sale of flat by my son on 31 st March 2021. If so what is the last date and what is the Form no.
CMA Poornima Madhava
(Expert)
08 July 2021
Income tax return to be filed by your son in ITR2 (if no business income). Last date is 30th Sep 2021. If you want to claim any deduction u/s 54, you need to invest in a new house or open capital gain deposit account within 30th Sep 2021.
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