05 April 2020
Dear sir, I sold flat-A and Rs.200000 invested in capital gain fixed deposit scheme with Central bank of India in 2013 (As advised by CA). At that time I was paying money to under construction Flat-B which I bought before (This purchase mentioned in Annual Return). But I did not set off capital gain of Flat-A against Flat-B till this date.At present purchase agreement of Flat B is pending for registration. Now my question is, 1. Can I set off this capital gain against Flat-B in current year ? 2. How can I close the capital gain Fix deposit at Central Bank of India? Request you to guide for this matter.
CAclubindia
