I sold residential property in FY 22-23.
Full capital gain reinvested in same year.
My question is:
Do I have to report all figures of purchase and sale of residential property in IT returns even though full capital gain is reinvested in another property.
Please guide.
Yes, you have to report the capital gain and in case of LTCG, exemption claim under sec. 54 of IT act.
Chirag N Shah & Associates
Mumbai
CA Inter
View Details
Arvindkumar Maniar & Co.
Rajkot
CA
View Details
Triveni Turbine Limited
Bengaluru
CA
View Details
CAclubindia
