Income Tax Return Long Term Capital Gain

plot purchased for 100000 one lakh in 2010. sold for 1800000 eighteen lakh in 2023.should the LTCG be reported in ITR for AY 2024-2025? 

Replies (4)
Quick Summary
If you sold a property purchased in 2010 for £100,000 and sold it in 2023 for £1,800,000, you must report the Long Term Capital Gain (LTCG) on your Income Tax Return for AY 2024-2025, provided the sale occurred in the financial year 2023-24. Remember to compute indexation for accurate tax calculation.

Yes, if sold in FY 2023-24.

thanks for the reply

You are welcome.                        

Compute indexation

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details