Gopi (Engineer) (123 Points)
26 June 2023I sold a property in April 2023. I have opened a CGAS (Capital Gains Account Scheme) under 54E in April 2023 (after the date of sale).
How many months do I have to deposit the sale amount into CGAS?
I will be filing a tax return in June 2024 (for the AY 2023-2024).
sabyasachi mukherjee
(26265 Points)
Replied 26 June 2023
Gopi
(Engineer)
(123 Points)
Replied 26 June 2023
Thanks for the response.
Yes, I am planning to deposit entire capital gains into the CGAS account.
Is there a last date for doing this? I read somewhere that the amount should be deposited before
July end of the assessment year.
rama krishnan
(12234 Points)
Replied 26 June 2023
CAclubindia
