Funds parked in capital gain account fully utilized to purchase new properly is there any need to disclose the same in IT
if yes
how & where?
thanks
2 Replies
Nostradamus !!
(154 Points)
Replied 10 December 2020
A residential property was sold in Nov 2018 & indexed long term capital gain duly deposited in CGAS before due date to file ITR for AY 2019-20 ie. July 2019.
Details duly filed in ITR of AY 2019-20
A new residential property purchased in FEB 2020 & funds parked in CGAS fully utilised & account duly closed before Lockdown
Now my question is:
How to mention the same in ITR for AY 2020-21?
thanks & regards
Details duly filed in ITR of AY 2019-20
A new residential property purchased in FEB 2020 & funds parked in CGAS fully utilised & account duly closed before Lockdown
Now my question is:
How to mention the same in ITR for AY 2020-21?
thanks & regards
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