Regarding Capital Gain

198 views 6 replies
Respected all member
One of capital gain not show f.y.2018-19 return filed now what treatment
Replies (6)
Revise the return and show now..
File revised return immdly .

Which ITR you filed earlier ? Now you may have to file different ITR.

May have to pay SATax if Gain. And you won't be allowed to carry forward loss if it's Loss.
Revise your return of income on or before 31 March 2020
You can revise upto 31-3-2020 but that will be more costly as you require to pay interest.

Even though no penal interest applies on self-assessment tax till the deadline of filing ITR, taxpayers will have to pay penal interest on shortfall of advance tax payment. It continues to apply at 1 percent a month starting from the date it originally became payable.

Better to file afap.. No advantage in delaying
I will revise that return and show long term capital gain so interest payble or not
Can revise up to 31-03-2020.


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