Mustakjm (Student) (14 Points)
02 January 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160579 Points)
Replied 02 January 2018
If till the date of filing the return of income, the capital gain arising on transfer of the capital asset is not utilised (in whole or in part) to purchase or construct another house, then the benefit of exemption can be availed by depositing the unutilised amount in Capital Gains Deposit Account Scheme in any branch of public sector bank, in accordance with Capital Gains Deposit Accounts Scheme, 1988.
Mustakjm
(Student)
(14 Points)
Replied 02 January 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160579 Points)
Replied 02 January 2018
If you have not deposited the balance amount in CGAS,1988 before filing ITR......... tax is imposed (as per your terminology)
CAclubindia
