I sold my residential flat vide agreement dt.02nd Jan 2012 i.e in the F.Y. 2011-12 and the entire amount received in F.Y 2011-12, similarly I purchased residential flat on 01st June 2012 i.e in F.Y 2012-13 but i fail to kept Capital gain amount in capital gain deposit scheme (CDGS) my question is
1. What will be implication for failing of keeping deposit in CDGS ?
2. Can I save tax on LTCG, where i fail to keep deposit in CDGS ?
Please advice.