CA Deepak Kumar  

CA in Practice
4Year  2Month  experience


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First Floor, 24 Anaj Mandi
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9:30 am - 7:00 pm


✔ Business Incorporation✔ Accounting / Book keeping
✔ Compliances✔ Direct Taxation
✔ Indirect Taxation✔ Govt.Registrations and Licenses
✔ Intellectual Property✔ Internal Audit

Industry Experience
Associated with (Firm / Company Name)
Awards and Recognitions



4 a year ago

I had sold house  No 1 in  July 2018 in which i had Capital Gain/ LTCG of Rs 50 Lakh in July 2018 i purchases new house No 2 for Rs 70 Lakh and got exemption of Rs 50 Lakh tax,But now i am getting offer by some one to sell same house No 2 for Rs 95 Lakh in in September 2020,so as i have taken tax exemption earlier,so what would be my tax liabity as i am selling house No 2 so early.

CA Navin Jain     10 Dec 2019

Capital Gains would arise on sale of property 2. Further, the earlier exemption claimed would also be taxable. For professional advice, you can reach out to me at +91 9830375894/

CA Deepak Kumar     10 Dec 2019

Capital gain arising from sale of house property is exempt in hands of individual/HUF. If such capital gain is invested in a new house acquisition or construction. However if a person sell the new house within a period of 3 year, capital gain exempted earlier will become taxable in hands of such individual.
so in your case capital gain of 50 lakhs exempted earlier will become taxable.

CA Naman Maloo     10 Dec 2019

If the new house is sold within 3 years then while calculating its capital gain the cost shall be reduced by capital gain claimed as exempt in earlier years.
If you need any further assistance feel free to contact me at

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Sushant Nandwana

4 a year ago

I am a salaried employee I filled ITR 4 this year but I got a mail from income that it's a defective return communication.following is the detail

Ref: Section 143 [1B] Income Tax Act, 1961 read with Clause 2 C (iv) of Centralized Processing of Returns Scheme 2011,
Notification No S.O 17(E) dated 04/01/2012.
The return of income filed by you for Assessment Year 2019-20 vide acknowledgment no. 999937560300819 dated 30-08-2019, is
considered defective u/s 139(9) of the Income Tax Act, 1961 as it is found to contain certain defects which has been

CA Navin Jain     30 Nov 2019

Hi Sushant, first of all the form selected by you is incorrect if you have only salary income. Secondly, the defective return needs to be evaluated. You can connect with me on +91 9830375894 to take the matter forward.

CA Shreekrishna Aital     30 Nov 2019

Hi Please forward the Notice to I will look into the exact reason for the notice.

CA Shreekrishna Aital     30 Nov 2019

Hi Please forward the Notice to I will look into the exact reason for the notice.

CA Naman Maloo     30 Nov 2019

Why have you filed ITR 4 for salaried income.
If you need professional consultancy to solve this issue you can contact me at

CA Deepak Kumar     1 Dec 2019

A salaried person can file ITR1 or ITR 2. You have choose the wrong form. You need to revise your return and file the same with correct ITR form.

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