Funds parked in capital gain account fully utilized to purchase new properly is there any need to disclose the same in IT
if yes
how & where?
thanks
Menu
U/s 54 Capital Gain Account
Replies (2)
Elaborate
A residential property was sold in Nov 2018 & indexed long term capital gain duly deposited in CGAS before due date to file ITR for AY 2019-20 ie. July 2019.
Details duly filed in ITR of AY 2019-20
A new residential property purchased in FEB 2020 & funds parked in CGAS fully utilised & account duly closed before Lockdown
Now my question is:
How to mention the same in ITR for AY 2020-21?
thanks & regards
Details duly filed in ITR of AY 2019-20
A new residential property purchased in FEB 2020 & funds parked in CGAS fully utilised & account duly closed before Lockdown
Now my question is:
How to mention the same in ITR for AY 2020-21?
thanks & regards
Recent Threads
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
- Joint Venture address proof under GST
- Leave encashment exemption limit
- Applicability of Section 194R of Income Tax Act.
Related Threads
CAclubindia
