Hello sir,
This is regarding TDS and long term capital Gain tax for sale of house property. I bought house in 2009 and sold in 2016. The long term capital gain on this sale is around 6 lacs. the trans details are
Agree for sale - 29/02/2016
TDS deducted - 12/03/2016 Rs. 570000
Sale deed -23/05/2016
Capital gain - 6 lacs
Agreement of this sale done in last FY and sale deed on this FY. I have to deposit the capital gain in CGtax saving scheme.
I need clarification tht whether I have to deposit the CG before july 31st of 2016 and file return or I can do it before next year return file date (31/07/2017) as sale deed done in 23/05/2016. Which date I have to considered, TDS date or sale deed date.
Pl help.
Regards,
S.Selvam
CAclubindia
