Capital gains
This query is : Resolved
14 August 2018
we want to sale a immovable property then amount which was received on such sale we want to invest in FDs as we can earn interest. The bankers saying that during the year the if any person was deposited more than 2lac it leads to some problem like IT notices. Till now we are not income tax assessess.Please guide for tax planning
Nikhil Kaushik
(Expert)
14 August 2018
you received the consideration in cash?
Nikhil Kaushik
(Expert)
16 August 2018
do you know that it is against the law? and carries significant penalties?
16 August 2018
Sir, regarding this issue i don't have any knowledge please guide me
Nikhil Kaushik
(Expert)
16 August 2018
read section 269SS and 269T
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