Income tax Return of sold House Property

Page no : 2

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 13 June 2022

Is it required to file ITR ?

Kev Men (788 Points)
Replied 13 June 2022

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.


CA Rashmi Gandhi (Chartered Accountant) (86500 Points)
Replied 13 June 2022

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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