Property sold in F .Yr 19-20 but not taken ITR

Room in chawl bought in 2016 ( Rs.14lacs) and sold out (Rs. 19lacs ) in jan 2020.
Mistakenly not considered in Asst.yr. 20-21. profit on sale of property is 5lacs. can I take in Asst yr. 21-22. cost of index will apply of f.yr 19-20 or 20-21.
pls help .
Replies (4)
Quick Summary
A user sold a property in the financial year 2019-20 but mistakenly omitted it from their assessment year 2020-21 income tax return. They are seeking advice on whether they can still include this sale in assessment year 2021-22 and which financial year's cost of indexation would apply. The discussion also highlights potential issues with the property sale being conducted entirely in cash, which is problematic for tax purposes.

Whether the payment received by any banking mode or by CASH?

Whether the agreement registered with Sub-Registrar? or before any Judge?

Thanks for response. well, Payment received in cash. Agreement before judge ( Notarized).
regarding cost of inflation?

Firstly, the document is not valid document as per Transfer act.

Moreover, you and the purchaser both will be in trouble if you try to declare the HIGH VALUE CASH TRANSACTION, WHICH IS BARRED AFTER SINCE 2016.

YOU SHOULD HAVE ASKED FOR BANK TRANSFER OR CHEQUE.

 

Thanks for cooperation.

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