IF I HAVE SOLD A RESIDENTIAL BUILDING AND EARNED LONG TERM CAPITAL GAIN AND HAS SHOWEN IN RETURN LESS VALUE THAN GAIN. THAN WHAT SHOULD I DO IN THE RETURN OF AY 2015-2016 ??
u can file revised return till 31.3.17. Again to get exemption u/s 54 you have to puchase or construct a new house within 2year and 3 year respectively provided you deposit the unutilised money in capital gain deposit account before 30.09.2015.