Capital gains scheme
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2012
Dear all,
The Capital Gains has been invested in Cap Gains scheme and claimed xemption in the relevant F. Y
My question is that if the Person after claiming the exemption does not invest in the house, whether revised return should be filed for the relevant year of exemption or it should be considered in the current year return ????
The Capital Gains has been invested in Cap Gains scheme and claimed xemption in the relevant F. Y
My question is that if the Person after claiming the exemption does not invest in the house, whether revised return should be filed for the relevant year of exemption or it should be considered in the current year return ????
07 February 2012
dear friend, it is necessary to file income tax return to get capital gain exemption. You have to submit the return and if not invested as claimed then the same will be taxed in the next previous year with interest. thanks
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