Query on capital gains - kindly help
1. We have sold our old house and I have received a share of the deal. Accordingly, I have been reported for SFT in this year's (i.e. AY 2020-21) Form 24AS.
2. Since FY 2018, I had been paying (in installments) towards purchasing a new Flat whose registration will be completed in February 2021. All the TDS that I have paid so far are being shown in the Form 24AS.
Under the above circumstances, should I:
1. Mention the full amount that I received through Sale of the old house and the part payments that I have made till date for the Purchase of the new Flat in ITR of this year (i.e. AY 2020-21) and again in parts in the ITR of the next year?
2. Mention the full amounts of BOTH the Sale (of the old house) and Purchase (of the new Flat) under Capital Gains of ITR 2021-22?
P.S. Just as I have been reported for SFT for selling the old house in Form 24AS of AY 2020-21, I will be reported AGAIN for SFT for purchasing the new Flat in the same Form for AY 2021-22 too! Kindly advise me while keeping this fact in mind.
Thanks in advance!
Asked 4 months ago in Capital Gains Tax