Capital gain tax

I think you have keep those investible suplus in Cap gains A/c scheme...so as per IT provisions the unutilised Amt will be taxed after the expiry of period allowed to utilise that deposit amt...

Yes you can pay on or before 31st july.

according to me u should invest this capital gain amount to CAPITAL GAIN Scheme A/c instead to pay the tax on such gain..because if ur tax liabilty is more than Rs. 10,000 than you are liable to pay tax as well as the interest amount u/s 234.

GO For TO deposit the same amount in CAPITAL GAIN SCHEME A/c.

Hello Saurabh,

As per Sec 54 of the Income Tax Act if capital gain amount must be deposited in Capital Gain Deposit A/c before the filling of return u/s 139(1) but if deposit is not made than the Capital Gain amount is taxable in the previous year.

So in your case while filling the return of F.Y. 2012-13 you can pay Capital Gain tax before the due date of filling of return i.e. 31st July, 2013.

you might be invested the capital tax amout in the capital gaine saving scheme account that after the expiry of the period of investment under the scheme than it is automatically comes under the taxable incomen or you have to the pay the taxes on that capital gain amount but if the tax amount increse the limit specified in section 234