Dear,
Two years back I sold my flat in 30 lakhs and full sale amount deposited in LTCG account.
That time in ITR by mistake/ typing error I showed sale value as 35 lakhs.
Since I was not able to by new flat in 2 years so now I have to pay tax on LTCG.
Please advise should I take sale value 30 lakhs as per sale agreement in current year ITR and show in ITR and pay tax.
Thanks
Ashok Agarwal
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Tax on LTCG
Replies (5)
as per my view you should show sale value 30 lakhs as you have deposited 30 lakhs
Dear Manish,
As per your advice if I take 35 lakhs (that was a mistake) as sale value again then tax will be increased by about 1.04 lakhs.
Thanks
As per your advice if I take 35 lakhs (that was a mistake) as sale value again then tax will be increased by about 1.04 lakhs.
Thanks
thanks to both of you
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