Capital Gain Tax on Sale of Property: Sidestep the Income Tax Scrutiny Notice
TL;DR Your property sale reached the department before your cheque cleared. Three separate reports told them everything. Here is what protects you: The registrar, the buyer’s TDS filing, and your bank each report your sale on their own. You filed none of these. An income tax scrutiny notice fires when your return disagrees with any one of those… Read More »