Vishwajeet Kamal (Others) (66 Points)
10 August 2015
Rashi Bajaj
(CA)
(752 Points)
Replied 10 August 2015
Not unless it is a foreign asset. While filling ITR 2 and 4, I came across a separate section devoted to declaration of particulars of foreign assets held by residents. However, no such provisions/disclosures are required for domestic assets. Therefore, no need to disclose. The department will know about the purchase anyway as the registrar will file the details in the AIR.
Amit Mehra
(Service)
(28 Points)
Replied 24 August 2018
Dear Sir/Madam: I have purchased a property using capital gain of property which I sold 2 year back. I have shown capital gain in ITR2 when I sold property. Which ITR form should I use now and how to show this in return if required?
P N Mehra
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