a senior citizen(78) who get Pension and he generally filled itr 1 in every AY and during the FY 2017-18 he sell his house now he concern about capital gain tax charged on him or not ? and which itr should be filled in AY 2018-19.
if he purchased any property in abroad can get deduction under section 54?
reply me as soon as possible dear experts
thanks..
During the FY 2017-18 he sell his house now he concern about capital gain tax charged on him or not ?
YES...... provided LTCG after indexation of COA & COI, if any...
Which itr should be filled in AY 2018-19.
ITR 2 (equivalent for AY 2018-19)
If he purchased any property in abroad can get deduction under section 54?
No.
Thank you sir for all your answer.
but one thing about property purchase in abroad i saw a judgement
Mrs. Prema P. Shah v. Income-tax Officer
she get deduction u/s 54.
CAclubindia
