ADVANCE AMOUNT RECEIVED TOWARDS SALE OF PROPERTY

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  1. Karunakara

    Karunakara New Member

    Sir/Madam,

    I am in process to sell my flat against which I received Rs.14 lacs as an advance amount in this current F.Y.
    How & where do I show in IT Returns? Which IT Returns form to be filled for the same.


    Kindly guide me on this issue.

    Regards,
    Karunakara
     
  2. rudrabose

    rudrabose Active Member

    File ITR 2 and disclose the Capital Gains in the Sheet named CG
     
    Abhijit Guha likes this.
  3. Karunakara

    Karunakara New Member

    Thank you for feed back Sir.
     
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