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(Querist)
06 June 2011 Mrs. X has a capital gain but she has invested the amount in a new flat. Is there any need to show the same in the Income Tax Return?
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
06 June 2011 Yes it is required to show in the IT Return
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
06 June 2011 The amount invested in new flat will be shown as amount exempt U/s 54 or 54F, as the case may be.
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