one of my clients have capital gain under JDA in F.Y 22-23 the question is how to show capital gain in ITR-2
here the problem is Indexation on purchase value upto the date of agreement as per sec 45(5A) and the agreement done on 2019 than
how can we show in F.Y 2022-2023
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HOW TO SHOW CAPITAL GAIN UNDER JDA IN ITR-2
Replies (7)
Yes, the declaration should be in the year of getting possession of new property, while the figures would be as on date of sale of old property.
But when we mention in ITR-2 it will indexed upto F.y 2022-2023
how can we index the upto 2019 (actual possession of old property) in ITR-2
how can we index the upto 2019 (actual possession of old property) in ITR-2
In ITR you are just supposed to give indexed cost of acquisition and sale value. Indexation can be up to date of giving possession!!
Since it is lo long term when we enter the cost of aquisition the amount is calculated automatically upto F.Y 2022-23
Which software?
We are using e-filing website itself
Correct. Go with it.
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