Easy Office
LCI Learning

Capital gains

This query is : Resolved 

04 July 2014 my client is an govt employee, he has sold site last year and there is capital gain on that he has invested the same in some other property. there is no capital gain tax on it. do he need to reflect some where in IT form about this. if so then which ITR he should use. he has salary, house property and capital gain this year, please tell me which form need to be used?

04 July 2014 The Capital gain has to be disclosed in the IT form and exemption on investment also claimed in the IT form. Form ITR-2 to be used.

05 July 2014 you have to disclosed the all income , it is exempt or taxable.
you can use ITR-2 for capital gain .




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries