Capital gain

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rohit (Querist)
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10 March 2014 A HOUSE CONSTRUCTION STARTED IN JULY 2013
AND COMPLETED IN MARCH 2014

COST OF CONSTRUCTION WAS 36 LACS{30 LACS CAPITAL GAIN}

IN WHICH YEAR RETURN THIS TRANSACTION IS TO BE SHOWN, 30 LACS WAS DEPOSITED IN CGDS

WHAT IF CONSTRUCTION COMPLETES IN APRIL 2014?

CA Deven

CA Deven (Expert)
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10 March 2014 can you explain your query in a more detailed manner .. there are two transaction or only 1

rohit

rohit (Querist)
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11 March 2014 I PUTTING WHOLE CASE,

A PERSON HAS PURCHASED PLOT IN 1986 FOR 40000RS
SOLD PLOT ON APRIL 2013 FOR 30 LACS .IN THIS TRANSACTION CAPITAL GAIN WAS 30 LACS

CONSTRUCTED HOUSE PROPERTY FOR 36 LACS, CONSTRUCTION STARTS IN JULY 2013 AND COMPLETED IN MARCH 2014 BUT HE HAS NOT DEPOSITED CAPITAL GAIN OF 30 LACS IN CG DEPOSIT SCHEME IN WHICH YEAR RETURN THIS TRANSACTION IS REQUIRED TO BE SHOWN, IF CONSTRUCTION COMPLETES IN APRIL 2014 THEN?

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