Hi all,
I received one property as gift from my parents which they bought for 6L. I sold it in year 2016 and received 42lakhs in my bank and didnt receive any cash money. Due to some reasons registered happened in financial year 2024-25 only . Since now circle rate of that property increased to 90L, buyer deducted 1% TDS because of which AIS for F.Y. 2024-25 is reflecting 90L sale price . I didnot disclose sale in year 2016 as registration didnt happen. What should I do now? Please help
CAclubindia
