After using money kept in Capital Gain Account in FY21-22 for buying a residential property in FY22-23, how do I report it for Income Tax filing? Which ITR form to be used for this?
Ranjan (Mr) (41 Points)
22 June 2023After using money kept in Capital Gain Account in FY21-22 for buying a residential property in FY22-23, how do I report it for Income Tax filing? Which ITR form to be used for this?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160579 Points)
Replied 22 June 2023
Reporting in ITR for utilization of the CGAS acc money is not enabled yet. You will require to get clearance certificate from your Jurisdictional ITO for closure of the account, for any unused capital.
CAclubindia
