Capital gain ac

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 April 2014 Hi,

Is there any particular time bound to open a capital gain ac, I mean after selling the Property ,with in how many months we need to open a Capital Gain Ac.

Thanks In Advance....................

Rupesh Jain

Rupesh Jain (Expert)
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15 April 2014 in which year you selling property
before the return filing due date of a particular year you have to deposit the amount in capital gain a/c

for example

you sell property today 15.4.2014
then you have to deposit the amount before dt. 31.7.2015

Querist : Anonymous

Querist : Anonymous (Querist)

15 April 2014 Hi

We sell the property in Aug-2013, hence as per your advise we can open the ac till 31.07.2014. is it correct

Rupesh Jain

Rupesh Jain (Expert)
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15 April 2014 yes it is correct 31.7.2014

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