Someone has sold ancestor property and got 1/4th share and bought new one in return.how to file return and show these transaction to be able to get tds back.
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File itr - sold old property (was bought by father in 1970s) and bought new
Replies (2)
File ITR2 , and declare the details under Schedule CG (Capital Gains)
Get the 1980 value to property be a cetrified valuer, use indexing, get all values, use LTCG under CG column in ITR2 is you dont have any other income like business.
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