HI - I have following query regarding declaring quarterly LTCG for a property sale.
A plot was sold in Q3 and a house bought in Q4. I need to fill the quarterly breakup in LTCG. What values do I fill in quarterly breakup table in Schedule CG?
Should I fill complete LTCG in Q3 and cost of house as negative value in Q4? i.e. If I sold the house for 20L and indexed cost was 10L and then I bought house in Q4 for 9 L. Then LTCG table will have 10L in Q3 and -9L in Q4. Is that the right way to fill this? The other option is to just add 1L in Q4 in LTCG quarterly breakup.
Pls suggest.
CAclubindia
