Sold property in last fin year but the transaction doesn’t show up anywhere
My father is 86 year old and sold our old house in 3-tier city. The transaction was around 37 L and in the previous financial year.
We did want to file tax but the transaction doesn’t show up anywhere in ais/26as or anywhere else. Consulted a ca who tried to see how to go about it . Currently he said to leave it for now and maybe if the transaction shows up later at some point or next year then we can file the tax. Else can just forget about it.
I just saw a post where the guy received an income tax notice after 11 years. Now i am wondering how we should tackle it. Seeking more input.