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arun (AO)     24 August 2015

Capital gain tax

sir

i sold my property for 29 lakh in Jan 14 and purchased new property for 65 lakhs in April 2015. i filed ITR1  for AY 2014-15.  i did not mentioned the LTC gain tax. i paid 65 thousands TDS on the behalf of seller in April 2015. now whether i need to file ITR 1 or 2 , do i need to mention the purchase of property. do i need to change the ITR for AY 2014-15.

thanks

arun yadav



Learning

 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     26 August 2015

If you have sold house, property, land or building, www.incometaxofindiaefiling.com option form 1  goto Capital Gains tab
If you bought the property in the same year, add a "short term capital gain" If property is bought an year or more ago, add a "long term capital gain"


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