banner_ad

Query related to CGAS amount not reported in ITR

ITR Filing 408 views 2 replies

Hello, I have sold land worth rs 30 lac and invested net sale consideration in a residential flat worth rs 31 lac. hence entire CG is exempted u/s 54F. till the date of 31st July, I have paid 25lac and deposited 5 lac rs in the CGAS account. but my CA filed my ITR 2 and showed the amount deposited under CGAS as 0 and the total exempted amount as 30 L. He said it is the same thing and I should not worry. 

Any CA here can tell whether he is right or not ? as the total exempted amount is the same but he did not divide the amount into two sections but clubbed them all under one head..? pls help

Replies (2)

Pls hekp anybody. i am in tension

Though there would not be any additional tax liability, but method of declaration is improper. It will also create problem while getting permission from ITO for closure of CGAS account.

Better revise the return at earliest, declaring balance in CGAS as 5 lakhs.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details