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Calculation of capital gain

Rajiv (Senior Accounts Officer) (1548 Points)

27 March 2018

Experts,

I sold 2 land in f.y 2016-2017. First Property sold with capital loss and secondly sold with profit. how i will fill my return itr2 .Will i add 2 property sale amount or will show saperate thanks

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170119 Points)
Replied 27 March 2018

Both separetely........... calculate CG (after indexation, if long term) of each plot....

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Rajiv (Senior Accounts Officer) (1548 Points)
Replied 27 March 2018

Originally posted by : Dhirajlal Rambhia
	Both separetely........... calculate CG (after indexation, if long term) of each plot....

BUT IR HOW I WILL SHOW SEPRATE AMOUNT IN ITR 2 IN CG COLOUMN?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (170119 Points)
Replied 27 March 2018

Yes, if they are both of same catagory, then the amounts are clubbed and declared......... but financial statement should be made for calculation of capital gains of each separately.