SHORT term Gain

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Accoutant
257 Points Posted on 09 January 2021
I purchased flat at Jan-2016 Rs 20.50 Lakh and sold it on Apr-19 at Rs 25Lakh. How to show in itr 4
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On 09 January 2021 at 21:57 Report
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This discussion addresses how to report a short-term capital gain from a property sale in India for tax purposes. The user purchased a flat in January 2016 and sold it in April 2019, incurring a profit. It's confirmed that this situation constitutes a short-term capital gain and requires filing an ITR-3 form.

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Practice
3235 Points Posted on 09 January 2021
ITR 3 needs to be file for this
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On 09 January 2021 at 22:57
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Chartered Accountant
24588 Points Posted on 10 January 2021
It is capital gains and it is to be shown in itr 3
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On 10 January 2021 at 10:12
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17269 Points Posted on 11 January 2021
There is LTCG and therefore you require to file ITR3.
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On 11 January 2021 at 11:32

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