Capital gain
This query is : Resolved
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?
27 March 2014
no since it was invested after 313.2014 it will not come in this return.
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.
since you plan to deposit in CGAS before the due date, you shall be eligible to claim exemption.
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