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ITR 318 views 3 replies
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Engg
24 Points Joined July 2014

Hello,

I have sold my house in Nov 2013 and purchased new one in the Feb 2014 from the income of the sold house. From the capital gain calculations, I do not have any tax liability from these transactions. Do I need to show within the ITR? If yes, under which section? or any other forms are to be filed to express the transaction?

Thanks in advance.

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On 25 July 2014 at 16:57 Report
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Student as well as Self-employed
3710 Points Joined September 2007
yes, you need to show this in your itr under the head capital gains.
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On 25 July 2014 at 17:21
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Practising CA
449 Points Joined September 2013

Yes the above transactions need to be shown in the itr form..Under Capital Gain Head

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On 26 July 2014 at 17:25
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Chartered Accountant
815 Points Joined October 2009

Yes, you have to show it under the head Capital Gains.

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On 27 July 2014 at 17:25


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