income tax on capital gain

Dear Pankuj, Thank you so much. I hav e a just one more query. My wife have purchased NHAI Capital gain tax Bond under sec 54EC for whole sale vaule of land sale which was given by her mother after death. While, filling up the ITR 2 reurn ,pl clarify that it will be reflected in col B3(d) (assets where provisio under sec 112(1) is applicable-without indexation)or in col B2(d)of shedule CG Capial Gain where proviso under sec 112(1) is not applicable. regards

asked Jul 23 '13 at 20:49 by income_ tax 1116


In case of land sale, gains has to be computed only with indexation method, so B2(d) of schedule CG Capital Gain where provision under sec 112(1) is not applicable should be used.

answered Jul 24 '13 at 01:57 by Pankaj Batra 5.2k320

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Asked: Jul 23 '13 at 20:49

Seen: 1,639 times

Last updated: Jul 24 '13 at 01:57