My husband has purchased a flat this financial year from his own funds. The registry has been done in January 2023. TDS has been deducted @ 1% on the total purchase price and deposited with the Income Tax Deptt. and is duly reflected in Form 26AS. We have yet to find a customer for our existing house. The work of Interiors is still in progress at the flat and is expected to last for 2-3 more months. My querries are:-
1. How to show this transaction in ITR2 &
2. Whether any relief from LTCG will be available when we sell our existing house (In the name of my husband}.
CAclubindia
