I have two queries 1. I sold a land in 2013 the proceeds I used to pay installment for a apartment I am purchasing. I have registered UDS for the apartment but will be getting pocession only in Aug 2014. Should I mention the sale in this years tax return? If so which column how? 2. I have redeemed MF's, Equities, and FD's to fund the new apartment purchase. All Long term capital gains. All transactions via bank account and fund transfer only. Where do I mention the new purchase and will the IT department query regarding funds? Can I mention the capital gains in the exempted column? thanks
CAclubindia
