Respected Seniors,
I have sold an industrial shed in fy 20-21 for Rs 30 lacs which was owned by me and my wife 50% each and we both have invested for land and she'd making equally and we both are tax payer.
Now it is showing Rs 30 lacs SFT transaction in 26AS of both of us but actually we both have got 15 lac payment each's name by cheque. After calculating the land price and and development cost and indexation as 2 years has passed we have also purchased 54ec capital gain bond also.
Now please guide me whether we are required to submit Form 61A or not.If yes to submit what is the last date for same
Secondly can I only show the long-term capital gain in IT RETURN
Thirdly individually we have got 15 lacs how to show the same.
Thanking you in advance.
Regards,
YOGESH
CAclubindia
