Section 54 capital gain

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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 ??
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File revised return (within a day); if original return was filed within due date.

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.


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