SIR,
A PERSON GOT FROM HIS FATHER AS SETTLEMENT WITH THE VALUE OF 3 LAKHS MUTUAL SETTLEMENT OF A TILED HOUSE 10 YEARS BACK FROM NOW,
3 YEARS LATER HE BUILD A HOUSE NOW HE SOLD THAT HOUSE BUILDING FOR RS.25 LAKHS IS IT HE NEED TO DISCLOSE THAT AMOUNT AS CAPITAL GAIN?
CAclubindia
