Dear Members,
If one person sells the property & again reinvest the money in purchasing the property to avoid capital gain tax, then what kind of document would be required as proof while filing the IT return to show all these transaction ?
Regards,
Saurabh
You are not required to attach any kind of proof while filing the return. However you need to furnish proof when it has been demanded by the AO. Sale deed of Old House, Purchase Deed of New House alongwith copy of bank statements will constitute eligible proof.
- Ruben Balooni
agree with Rooban
| Originally posted by : CA ADITYA SHARMA | ||
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agree with Rooban |
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Its Ruben not Rooban.
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