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income tax return

30 July 2018

i am filed itr 4 for my client & i didnt mention any property which he hold but now he sold a property of rs. 25lakh and cost of that property is 5lakh. now what i have do and how to file itr for the A.y. 18-19

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2 Replies

Saurav Bhattacharya (258 Points)
Replied 30 July 2018

revised the itr return and show it in long term capital gain

Miss Mansi Bhojani (Practicing Chartered Accountant) (1693 Points)
Replied 31 July 2018

Did you mean to say that you filed return under presumptive and so you haven't shown the property and now you selling the same so how to state that in return?
if this is the case then yes obviously you must have not shown property that is correct so no balance sheet is stated under section 44AD and now you just need to show the gains under capital gains while filing for AY 2018-19.