Capital gain
Querist : Anonymous
I have filed a return for Asst.Year10-11 in which capital gain arised but all gain has been invested in Capital Gain Account.So I have not mentioned the capital gain amount in return. Now on withdrawal of capital gain Form G required tobe signed by ITO. So will ITO create query for non disclosure of capital gain in return. However interest on that gain and bond have been disclosed and tax pai thereon already. Please let me know the conclusion.
Regards,
Anil Thakar.
Accountant.
further did not claim exemption, you may be required by the ITO to recompute your total income.
.
As you have shown interest, ITO may consider your submission favorably.
Querist : Anonymous
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