Which schedule to fill in itr to show sale of flat

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Snehashish Ghosh (Querist)
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02 April 2018 Hi,

In FY 2017-18, I sold my 18-year old Flat for Rs 21.65 Lakhs. Assume that the correct Cost of the Flat to me after INDEXATION is Rs 14.96 Lakhs. So Capital Gain = 21.65 - 14.96 = Rs 6.69 Lakhs.
Apart from this I only have some Interest Income which I show in Schedule OS.

I have the following queries:

1. Can I use Form ITR-2 to file my income tax return ? Or I cannot use ITR-2 ?

2. If I can use ITR-2, is it correct that I have to fill 'Schedule CG' to show the sale of the flat and capital gain arising ?

3. Is it correct that I have to fill the 'Long-term Capital Gains section' i.e. section B in schedule CG (since I had held the flat for 18 years) ?

4. Is it correct that under the Long-term Capital Gains section, I have to fill the 'From sale of land or building or both' i.e. sub-section 1 ?

Regards,
Snehashish

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 April 2018 1 yes you can use ITR 2.

2 yes you are right.
3 yes.
4 Both as undivided share of land is there.

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