Capital gain
This query is : Resolved
17 July 2014
hello experts..
my ques. is if we sell the residential propery on march 2014 and use the proceeds in mnth of april 2014. Now m i elegible to get the exemtion granted under section 54 for the FY 2013-14. or i will have to pay capital gain tax and claim refund next year? and is it mendatory to deposit proceeds of sale of property in capita gain scheme a/c?
Nikhil Kaushik
(Expert)
18 July 2014
you will be eligible for exemption....
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