Dear Friends,
I Have a query as to disclosure regarding investment from capital gains. For example if in the previous year 11-12, there was a long term capital gain on account of transfer of residential house property u/s-54 and the amount invested in a new residential property being higher than the amt of gain is fully exempt from I.Tax. Now in the subsequent Previous year 2012-13, do rest of the investment that have been made needs disclosure in the ITR 2 for the AY 2013-14 ??
Please help!!!!
Regards,
CAclubindia
