Ltcg tax

Nirmal Lal (Querist) 24 December 2020 This query is : Resolved
We received our one fourth share in sale of ancestral property. The buyer also deposited the TDS on our share of amount he paid to us. We invested the part of receipts in NHAI Bonds. How to show all this in ITR.

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This discussion addresses how to report the sale of ancestral property and subsequent investment in NHAI Bonds within your Income Tax Return (ITR). The sale proceeds, after TDS deduction, were partially invested in NHAI Bonds. It's recommended to file using ITR-2 and declare these transactions on the Capital Gains page. Seeking advice from a tax consultant is advised for accurate filing.

Isaac Gabriel (Expert) 24 December 2020
Better put this query in.CA Club for rightful guidance.

Dr J C Vashista (Expert) 25 December 2020
It would be better to consult your CA

Rajendra K Goyal (Expert) 26 December 2020
Return has to be filled in ITR -2, It has to be shown in CG page of the return.

Take help of your tax consultant.

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