Capital gain
This query is : Resolved
17 April 2015
I have sold 2 land in nov 13 and march 14 . I have not invested this capital gain in any capital gain tax saving bond till date.
is there any way out to save this capital gain tax now.
I have not file income tax return .
17 April 2015
As per the law, you were required to invest in bonds within 6 months from the date of transfer. So, the time has gone.
.
Also, you could save capital gains tax by purchasing a residential house (s.to. certain conditions) before the due date of filing the return. As the due date has also passed, you are liable to capital gains tax.
.
.
Also, you could save capital gains tax by purchasing a residential house (s.to. certain conditions) before the due date of filing the return. As the due date has also passed, you are liable to capital gains tax.
.
17 April 2015
sir, if I am not wrong, if the person has not filed the return yet, he can still invest the money in another house property and claim exemption as the requirement is that the you need to invest before filing return under section 139 (including 139(4)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- TDS _Long term Capital Gain ref.sec 214 Table 2
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Traces submitting correction statement error
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
