My brother sold a home property this year Jan-14, this is first time he is going to file the Income Tax return. although he does not have any taxable income but in order to avail the Capital Gain scheme provisions he has been advised to file the Income Tax return and maintain the capital gain account.
I would like to know that this time the income tax filing for him would be based on Union budget 2014 (11-July-2014) or he will file the return as per the exisiting provision before July 2014. Kindly advise.
CAclubindia
