Sale & Purchase of Residential Plot
This query is : Resolved
27 January 2023
I sell residential plot for an amount of Rs. 20 Lakh and same financial year purchased new Residential plot for an amount of Rs.25 Lakh in my wife name .Please let me know is mandatory show in ITR.
27 January 2023
Yes, your sell transaction is to be declared in relevant ITR and pay capital gains liability over it, if any.
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