Capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2015
My friend had capital gains of 60L in the year of 2009. He opened Capital Gains account the same year and deposited 60L in that account. Then he purchased a flat for 48L next year. He was supposed to invest remaining 12L but he had to leave country for job and that 12L is still there in capital gains account since then.
Can he invest that amount now in bonds etc? Does it attract any taxes/ penalty?
Can he invest that amount now in bonds etc? Does it attract any taxes/ penalty?
10 July 2015
Now he can't invest. Applicable tax along with interest has to be paid.
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