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?
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Itr for purchased property using capital gain of earlier sold property
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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
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