ITR 4 Pls help vary urgent

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Accoutant
257 Points Posted on 10 January 2021

I purchased flat at Jan-2016 Rs 20.50 Lakh and sold it on Apr-19 at Rs 25Lakh. Long Term Capital Gain where to show in ITR 4 & in witch section.

 

Pls help

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On 10 January 2021 at 16:37 Report
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Quick Summary
This discussion addresses where to declare long-term capital gains from the sale of a property when filing your Income Tax Return (ITR). The advice clarifies that if you have business income, you should file ITR 3. For capital gains specifically, it should be shown in the Capital Gains schedule, Part B, within ITR 3 for long-term gains.

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Tax consultant
5895 Points Posted on 10 January 2021
Itr 3 to be filled. up if business n all
itr 2 for salary person
1 Reply
On 10 January 2021 at 17:03
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Accoutant
257 Points Posted on 10 January 2021

Dear Mam,

pls share section Number & where to show in Itr 3.

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On 10 January 2021 at 17:06
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Tax consultant
5895 Points Posted on 10 January 2021
Capital gain schedule you will show in long term capital gain selling of property
1 Reply
On 10 January 2021 at 17:10
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17269 Points Posted on 10 January 2021
In ITR3, Schedule Capital Gain Part B for long term capital gain.
1 Reply
On 10 January 2021 at 17:11
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Chartered Accountant
24588 Points Posted on 10 January 2021
Itr 3 should he filed
2 Reply
On 10 January 2021 at 17:16
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Chartered Accountant
86505 Points Posted on 23 January 2021
You need to file ITR 3 in case there is business income also otherwise ITR 2
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On 23 January 2021 at 22:45

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