13 June 2024
My husband (single) sold a property in Oct 2023 for 1,60,00,000 and TDS deducted 160000 with a LTCLoss of -300000 With this money We (husband & wife) jointly bought a property for 15200000 TDS paid. It is shown both in our 26AS & AIS. Husband Rs. 7649000 and TDS of 76496 Wife Rs. 7649000 and TDS of 76496 How to show it in my husband's ITR 2 if we want to ask for refund of 160000 Do I need to show the purchase as my income is only 3 lakh a year.
13 June 2024
Is it typo error??? ..... Whether the sell of the property took place in Oct 2022 or Oct 2023? If Oct 2022; you need to file return for AY 2023-24, under sec. 119(2)(b), provided not filed earlier.
CAclubindia
