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