banner_ad

Itr for purchased property using capital gain of earlier sold property

ITR 217 views 1 replies

I have purchased a property using capital gain of property which I sold 2 year back. I have shown capital gain in ITR2 when I sold property. Which ITR form should I use now and how to show this in return if required?
 

Replies (1)
When u have sold the property and capital gains arised then you must have claimed deduction u/s 54 which states that if such capital gain used for purchase of house within 2yrs or constructed within 3 yrs the entire capital gains shall be exempted if cost of such property is more than capital gains arised. now when u have purchased there is no need to show that unless the cost of such property is less than the capital gains arised


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details