banner_ad

REGARDING FIXED ASSEST SALE

219 views 2 replies
ONE FLAT PURCHASE F.Y.2014-15 BUT NOT SHOW IN ASSET NOW SALE THIS FLAT AND PAYMENT RECIVE IN BANK SO HOW TO SHOW IN ITR NOW.
Replies (2)
@ kamalesh when. the asset was purchased in whose name it was purchased.
As evident has the property tax been paid .
The fact is you have not shown flat purchase during FY 2014+2015.

Despite this fact you will have to show LTCG arising on sale consideration of flat as reduced by indexed value of cost of acquisition.
------
Obviously property owner will pay property tax to safeguard his property.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details