07 September 2020
I sold a property in may 2019 and there is a long term capital gain accrued.i put the money in my saving bank account till now.i want to know about my last time limit to open an capital gain scheme account so that I can reinvest from it,and how much amount should be deposited there ? Is it only capital gain or entire sale proceed ? Pls clarify me .Thanks in advance..
08 September 2020
Thanks for reply sir..I have read in an article that you can file your itr till 31 March 2021 with the option of paying penalty...so it means can I drag my capital gain scheme account till 31 march as well if I am ready to pay penalty....?
08 September 2020
Last thing sir..how much amount I should deposite in capital gain scheme account ? Is it entire sale proceed or calculated LTCG only ??
CAclubindia
