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.
Yes the above transactions need to be shown in the itr form..Under Capital Gain Head
Yes, you have to show it under the head Capital Gains.
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