Capital gains in property reinvested
This query is : Resolved
14 October 2011
I sold a property (Flat) in year 2009 and made a capital gain in the sale. I indicated that gain in my IT return that year in ITR4.
I invested the capital gain in buying another flat in 2010.
Now how can I indicate the re-investment of capital gain in this year's ITR4 ?
Is there any column / place in the ITR4 worksheet where this re-investment can be stated?
I did not find any worksheet in ITR4 where this investment can be shown.
Please guide.
I invested the capital gain in buying another flat in 2010.
Now how can I indicate the re-investment of capital gain in this year's ITR4 ?
Is there any column / place in the ITR4 worksheet where this re-investment can be stated?
I did not find any worksheet in ITR4 where this investment can be shown.
Please guide.
14 October 2011
Compliance of section 54 will suffice. No need to show in subsequent year's return as you rightly observed.
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