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Housewife sold ancestral property for 60 lac bought 63 lac

Tax queries 294 views 2 replies

housewife sold the ancestral property for 60 lac 

bought another for 90 lacs 

*** so far not filed any return 

the buyer of 60 lac worth property deducted tax @ 1% 

Now the " housewife " wants to get refund by filing the return. 

advise..

Replies (2)

File ITR 2 and declare the gain under Schedule CG... Claim the exemption u/s. 54 IT act...

Avail exemption and file itr


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