Dear, Two years back I sold my flat in 30 lakhs and full sale amount deposited in LTCG account. That time in ITR by mistake/ typing error I showed sale value as 35 lakhs. Since I was not able to by new flat in 2 years so now I have to pay tax on LTCG. Please advise should I take sale value 30 lakhs as per sale agreement in current year ITR and show in ITR and pay tax. Thanks Ashok Agarwal
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Calculate the original LTCG claimed as deduction in earlier year. Show it as current year income.