Amount Utilized from capital Gain account
This query is : Resolved
28 July 2022
The assessee has depoisted an amount of in Capital Gain account he has purchased a plot and the amount of paid out of Capital gain account, now he has completed the construction from his own funds and has not withdrawn the funds from capital gain account for construction
My Query is do we have to mention the amount utilized from Capital gain Account in coming years for construction of house in Income Tax Return.
Was there any extention for time for Utilization of Funds from Capital Gain Account due to Covid
My Query is do we have to mention the amount utilized from Capital gain Account in coming years for construction of house in Income Tax Return.
Was there any extention for time for Utilization of Funds from Capital Gain Account due to Covid
28 July 2022
No question of declaring its utilization in ITR, but you need to withdraw it from the CGAS account only.
There is no extension of time period from 3 years.
There is no extension of time period from 3 years.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
