deposit of sale proceeds
Mahesh Chandra Mohapatra (189 Points)
29 August 2019Mahesh Chandra Mohapatra (189 Points)
29 August 2019
Kapadia Pravin
(17259 Points)
Replied 29 August 2019
Mahesh Chandra Mohapatra
(189 Points)
Replied 30 August 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 30 August 2019
1. ITR does not ask for documentary evidence for claiming exemptions or deductions with respect to Capital gains. However, if the sale proceeds are deposited in the bank the same should be mentioned in the relevant column in the ITR
2. Under which sec the exemption is claimed to go to that relevant section and enter the amount deposited amount.
Please correct me if the above solution has an alternative view.
Kapadia Pravin
(17259 Points)
Replied 30 August 2019
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)