Capital gain help needed

Others 243 views 3 replies

Respected sir, 

I filled my IT return for FY 2013-14 but forgot to consider capital gain which arise from sale of land (capital gains not much around rs 500) and also money received in bank and also make FD and now also not able to revised IT return 

      My query is can this capital gain taken in next year IT return. And also any solution for this 

 

                                                                   THANKS 

Replies (3)

No, you cannot consider the same in next year.

You can write to your jurisdictional ITO about the mistake, with offer to pay any tax, interest and penalty for the said rectification, u/s. 154.

No you can ask to ITO for rectification, for rectification the time limit is 4 years so dont worry.

Yes go for rectification. And even show interest from such FD in next year's returns.


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