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Which itr for for salary + sell of old house + new house buy

353 views 3 replies

Sanjeev Kumar

35 Points Posted on 03 August 2015

Hi Gurus -

I am salaried person and used to do filing in ITR1 so far. Last year in Aug 2014 I sold my flat brought in 2007 in construction and possession given on 2012. Amount of sell proceedings have used to buy new house in Nov 2014.

Further, I have negative capital gain if I calculate indexed purchase price to calculate capital gains (- 5 Lacs).

Q.1 Which ITR form shall I use - ITR 2A or ?

Q2. How can I calim TDS amount paid ( buy or sell not clear).

Thanks and appreciate your help.

Sanjeev

Replies (3)

Rashi Bajaj

752 Points Posted on 03 August 2015

Return under ITR 2, (not 2A)

Didn't understand second query.

Sanjeev Kumar

35 Points Posted on 03 August 2015

@ Rashi - Thanks for Reply Govt has notified form 2A which will not be used for my case.

Vishal Goel

Chartered Accountant

1693 Points Posted on 18 August 2015

Hello @ Sanjeev Ji

ITR 2A can be used by an Individual or HUF whose total income for the assessment year 2015-16 includes:-

Income from Salary/ Pension, or
Income from House Property, or
Income from Other Sources (incl. Income from Winning from Lotteries and Race Horses)

Who cannot use ITR 2A

ITR 2A cannot be used by an Individual or HUF whose total income for the assessment year 2015-16 includes:-

Income from Capital Gains, or
Income from Business or Profession, or
Any claim of relief/deduction under Section 90, 90A or 91, or
Any resident having any asset (including financial interest in any entity) located outside India or signing authority located outside India, or
Any Resident having Income from any source outside India