LTCG

Sold house involving LTCG - What are the must-to-d0 as the proceeds have been kept in parents' Savings & FD Bank Accounts; What would be the index from 2009 (purchase-deed) to 2021 (sale deed) ? For purchase, part investment was from Sister, who has now been paid with compensation for those 12 years - Eligible Interest on such borrowed money was never claimed in any of the Assessment Years from FY 2009-10 till FY 2020-21;

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  Penalty Appeal before ITAT by Department

In the aforesaid query the addition was made on account of investment in construction of house and the assessment was completed u/s 143(3)/147

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