Advance recd in one FY but actual transaction in succeeding FY
While filling ITR-2 for FY 2020-21;
How to report Advance Received in FY 2020-21 against property actually sold in in FY 2021-22
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Advance recd in one FY but actual transaction in succeeding FY
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Quick Summary
Advance received need not required to show in ITR
ITR - 2 is being filled for FY 2020-21.
How and where to report the figure of Advance Received in FY 2020-21 against property actually sold in in FY 2021-22 ?
Not required to show anywhere in FY 2020-21 return.
you have to mention all details in ITR of FY 2021-22 only
you have to mention all details in ITR of FY 2021-22 only
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