Form 37E required to be submitted to Income Tax?

Who told you this?

I am not aware about any such form. You just need to show property sale in your return of income.

FORM 37 E OMITTED BY GOVT. PLEASE GO FOR FORM 37 I (REFER RULE 48 K)

THESE FORMS ARE ONLY APPLICABLE IN CASE OF PURCHASE BY CENTRAL GOV SEC 269UC

IN CASE OF PRIVATE TRANSACTION NO NEED................AS YOU ARE TALKING OF 37E I ASSUMED THAT TRANSACTION IS BETWEEN YOU AND CG ...............DON'T BE CONFUSED.......WE ARE ALWAYS HERE TO HELP YOU OUT

Sorry Sir,

I still believe there is no such requirement for sale of property. There may be some special cases where such a form will be needed but in general there is no such requirement.

Please feel free to call/ revert in case you need more clarity

Thanks and regards

Abhishek Dugar

CA CS B.Com

Hello,

No such form is to be filed when the transaction is between two individuals. You just have to file your Income Tax returns next year, show the amount of capital gains, pay due tax over it if applicable and you are done.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, ACA, LLB-GEN, CERT. FAFP

Hi

You have been advised to file Form 37-I. This form is available online on the website www.incometaxindia.gov.in. It has to be signed by both the seller and buyer.

Regards,

Keerthiga Padmanabhan

M.Com., CA, LLB

Hi,

Section 269RR has been in inserted in Chapter XX-A - Acquisition of Immovable Properties in certain cases of Transfer to Counteract Evasion of Tax saying that the Chapter shall not be effective for sale of immovable properties w.e.f 30-Sep-1986. When the entire Chapter XX-A is not effective, all Forms notified under the Chapter are also withdrawn automatically.

So, since the Form 37E (This was replaced by 37EE) is not effective at all, the question of providing the same doesn't arise at all!