Capital gain

This query is : Resolved

Namisha (Querist)
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27 March 2014 a property is sold in FY 2013-2014. and the long term capital gain has been invested in capital gain account scheme on june 2014. than while filling the return in july 2014 do i need to show that capital gain amount in the return or i can show it under section 54 and claim exemptn?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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27 March 2014 no since it was invested after 313.2014 it will not come in this return.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 March 2014 yes it is to be reflected in the tax return and exemption is to be claimed therein.

since you plan to deposit in CGAS before the due date, you shall be eligible to claim exemption.

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