Hi,
I am salary employee & I have sold my property last year in August due to financial obligations. 1% TDS paid by the purchaser.
My question is what ever the amount I got by selling of my property was completely utilised to clear my all financial obligations.
Now how can i file my income tax returns & how to show the long term capital gains? Do i have to pay Incometax on the capital gains? Is there any option to come out of this situation?
Please guide me.
Thanks,
Ravikumar
No other option.............. File ITR ....... pay capital gain tax with interest and save yourself from future litigations....
Dear Raja,
Why should I be angry with you or anyone......
In this mess of questions........... I miss so many such massages, that is the only reason....
Secondly, you may be aware that I do not follow any query or anything............
I just try to reduce 'unattended threads' to best of my experience....... by ticking no follow ups.... And then just surf........ By chance, during surfing if I come to know anything related to me...... I try to reply....... that's all......
Sorry, for hurting you or anyone for that ....... but I can't go any further......
Dhirajlal
No..... No............. No question of sorry for you too......... That is the present situation, open heartedly accept it............. and pray God for better time.....
I respect your opinion Raja Sir. Wont disagree with what you have said, that is correct as well that not all will understand.
CAclubindia
