Capital gain


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Querist : Anonymous

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Querist : Anonymous (Querist)
17 August 2012 I sold a land in march 12 and invested the amount in purchase of a flat under construction . But before return filing date I had with me some amount left out of that sale proceeds so I deposited that amount on 31-07-2012 in the Capital gain a/c of SBI bank to get exemption from capital gain tax. But prior to that I already filed my Income tax return without giving the details of capital gain . So if I revise the return now will it make me eligible to get the exemption, as U/s 139 for filing the return we still have the time.

17 August 2012 Yes, You can revise the return today and mention all the details. Since the due date is extended to 31/08/2012, your issues will be taken care of.

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 August 2012 Can anyone refer me a case study in this regard....??

27 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp


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