Menu
Land sold in FY22-23, possible to show in ITR in FY23-24
Dear Sir, I sold a land on 07/03/23, now I able to show this capital gain in my ITR for FY23-24. what is the rules.long term capital gain.pls.
Replies (11)
Quick Summary
When the sell deed made/registered?
Dear Sir, sell deed/registration made on 07/03/23. In ITR back date do not permit, sell date permit from 01/04/23, what would I do? pls.
No other option but to file updated return for AY. 2023-24.
Dear Sir, I already filed return for AY. 23-24, now I able to file updated return for AY. 23-24, pls.
Yes, you can file updated return u/s. 139(8A) IT act, for AY 23-24 with any additional tax liability. It is advisable to file it earliest for such missing data.
Many thanks 🙏 Sir
You are welcome.
Sir if I declare this capital gain on 01/04/23, it will be wrong or invalid, pls. because if I file updated return, I have to pay penalty.
YES, It will be wrong declaration. You may be penalized more for such step.
Thanks Sir,
You are welcome.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
