Dear frds/ experts,
In practical actual land purchase or sale value is not given in guideline value mentioned in the land sale or purchase deed... but original purchase or sale money transactions taken place in bank transactions. In this case, how to account the excess value of guideline value paid or received, in ITR?
Menu
Capital gains / PGBP accounting doubt
Replies (3)
Quick Summary
There is separate column for guidance value of any sold value in ITR 2 & 3.
The utility calculates the CG from higher value of the actual sell value or guidance value.
Please mention your source of income. Disclosure in your itr is also important.
Thank you all for your timely reply
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
