Capital gain exemption on Vacant Land sold to two buyers

Q & A ForumCategory: Real EstateCapital gain exemption on Vacant Land sold to two buyers
vijaykumar asked 5 years ago
My wife purchased Vacant Land  from a Housing Society on 28/2/2001 for sale consideration of 1,64,125 Sold Vacant Land to two buyers. Southern Part to Buyer1 on 2/5/2019 for sale consideration of f39,00,000 Northern part to Buyer2 on 2/5/2019 for sale consideration of f24,10,000 Total sale consideration    is 64,10,000 Me and my wife jointly purchased a one residential unit (out of 4 unit building) on 2/11/2019 fir sale consideration of 1,48,00,000 (one crore forty eight lakhs) . Both have invested 74,00,000 each. My wife invested complete sale deed consideration of her land sale Rs 64,10,000 . I have invested the my retirement benefits. I want to file ITR-2 for my wife before June2020.   Do I need to file ITR-2 with CA help or can be do ourself. Please guide me. Even though my wife income is NIL after considering interest from FDs , she is fileing returns every year.
1 Answers
Sreekanth Staff answered 5 years ago
Dear Sir, If you are comfortable filing ITR-2, you can do it yourself, it is not mandatory to file ITR-2 through a CA/tax auditor. However, advisable to consult a CA and file for this Assessment Year, as your wife has done property transactions. Kindly read :  
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