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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs in respect of filling-up of the Income-tax return forms for Assessment Year 2022-23 |
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I am resident and have sold land and building situated outside India. Whether I need to report the details of property and identity of buyer in Schedule CG? |
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Ans. The details of property and name of buyer should invariably be mentioned. However, quoting of PAN of buyer is mandatory only if tax is deducted under section 194-IA or is mentioned in the documents. |
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