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Income tax Return of sold House Property
Is it required to file ITR ?
No need to file the ITR. However, department might issue a notice stating that certain capital gain transactions have been done for which reply can be given by the assessee stating that capital gain/income is below the basic exemption limit.
If overall income is more than Rs.2,50,000 then you are required to file ITR. Also on safer side, you have to file ITR, so no notice has been issued in favour of you.
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