Ankit Shandilya (Auditor Consultant and Business Development Adviser ) (39 Points)
30 March 2018a senior citizen(78) who get Pension and he generally filled itr 1 in every AY and during the FY 2017-18 he sell his house now he concern about capital gain tax charged on him or not ? and which itr should be filled in AY 2018-19.
if he purchased any property in abroad can get deduction under section 54?
reply me as soon as possible dear experts
thanks..
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185582 Points)
Replied 30 March 2018
During the FY 2017-18 he sell his house now he concern about capital gain tax charged on him or not ?
YES...... provided LTCG after indexation of COA & COI, if any...
Which itr should be filled in AY 2018-19.
ITR 2 (equivalent for AY 2018-19)
If he purchased any property in abroad can get deduction under section 54?
No.
Divakar
(Student CA Final )
(11857 Points)
Replied 30 March 2018
Ankit Shandilya
(Auditor Consultant and Business Development Adviser )
(39 Points)
Replied 30 March 2018
Thank you sir for all your answer.
but one thing about property purchase in abroad i saw a judgement
Mrs. Prema P. Shah v. Income-tax Officer
she get deduction u/s 54.
Divakar
(Student CA Final )
(11857 Points)
Replied 30 March 2018
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