in ay 2020-21 my 26as show SFT in rs 2900000 for immovable property . so which form i will be choose?
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Quick Summary
This discussion addresses queries regarding Income Tax Return (ITR) filing for AY 2020-21, specifically concerning Statement of Financial Transaction (SFT) reporting of immovable property. It explores which ITR form to choose based on income sources and how to handle SFT entries in joint accounts. Guidance is provided on reporting property sales, including capital gains tax implications and deductions, and on furnishing purchase details via the e-filing portal's e-campaign section.
Whether it's sales or purchase? if it's sales, admit capital gains tax or claim deduction under 54,54f,54ec etc. if it's purchase, log into e-filing portal, select e- compliance and in the e-campaign tab furnish the source for the purchases