Capital gain

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CA Karnika Pradeep (Querist)
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05 August 2014 As due date of filing of ITR for individuals has passed and amt cannot be invested in CAPITAL GAIN ACCOUNT SCHEME whether one can escape from long term capital gain arising from sale of urban land ??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 August 2014 if 6 months have not elapsed from date of transfer then can ivest the amount in 54EC caPITAL gain bonds like NHAI or REC upto 50 lacs

CA Karnika Pradeep

CA Karnika Pradeep (Querist)
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05 August 2014 6 months have elapsed. now hat can be done?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 August 2014 then check whether sec 54 or 54 F can be utilised in this regard.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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06 August 2014 well dont file the return. you have time till 31 March 2016 to file the return. if you invest the capital gains under section 54/54F by then and file the return under 139(4), you shall get the exemption.

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