Long Term Capital Gain and filing

[Aravind K]

Hello,

I had sold my land for X lakhs(on a land that was purchased 10+ year earlier) and received the money through cheque and DD from the purchaser and the same I had transferred to my Loan account on a Flat that I had purchased. Can you guide me - if I need to declare the money received during filing and under what category . Is there any online tutorial for the same on how to declare or get guidance on this please ?

AI Summary

Misguided Response: Tax Query on Capital Gains Misaddressed with Trademark Registration Info An individual sought advice on declaring long-term capital gains from selling land, purchased over a decade earlier, and using the proceeds to pay off a loan for a flat. They asked if the money needs to be declared during tax filing and if there are online resources for guidance. The response provided was unrelated, addressing trademark registration procedures instead of the tax query.