banner_ad

Zero Capital Gain

228 views 4 replies
User Avatar

Former Director DRDO
114 Points Posted on 13 July 2021
I have sold a land alloted by government at rate equivalent to circle rate of acquired land and sold after 2 years at same rate (Total amount Approx 9 Lakh) so there was no capital gain. Do I have to mention it in my ITR.
Reply Share Follow
On 13 July 2021 at 11:35 Report
Replies (4)
User Avatar

Chartered Accountant
24588 Points Posted on 13 July 2021
No capital gains will arise as it is less 3 years than but have to be shown in ITR
129 Reply
On 13 July 2021 at 12:47
User Avatar

Practicing Chartered Accountant
573 Points Posted on 13 July 2021

Though there is no tax implication still it's better to disclose the said information.

1 Reply
On 13 July 2021 at 12:49
User Avatar

STUDENT
1631 Points Posted on 14 July 2021
From The Register -Office - Reported to the Income Tax.

You must mention in the return - Then the only department must know - The same sold for profit/loss.
3 Reply
On 14 July 2021 at 01:55
User Avatar

Chartered Accountant
24588 Points Posted on 14 July 2021
Not required to be shown
129 Reply
On 14 July 2021 at 05:56


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details