Land sold in FY22-23, possible to show in ITR in FY23-24
Tapas Samadder (364 Points)
27 June 2024Tapas Samadder (364 Points)
27 June 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(164471 Points)
Replied 27 June 2024
When the sell deed made/registered?
Tapas Samadder
(364 Points)
Replied 27 June 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(164471 Points)
Replied 27 June 2024
No other option but to file updated return for AY. 2023-24.
Tapas Samadder
(364 Points)
Replied 27 June 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(164471 Points)
Replied 27 June 2024
Yes, you can file updated return u/s. 139(8A) IT act, for AY 23-24 with any additional tax liability. It is advisable to file it earliest for such missing data.
Tapas Samadder
(364 Points)
Replied 27 June 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(164471 Points)
Replied 27 June 2024
YES, It will be wrong declaration. You may be penalized more for such step.