CGAS Scheme - Capital Gains on Sale of house Property

This query is : Resolved 

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This query concerns the time limit for depositing capital gains when selling a house property under the CGAS Scheme. The user sold a property in May 2024 and is unsure whether the deposit deadline is July 31st, 2024, or six months from the sale date (October 2024). The provided answer suggests the deposit is due before filing the relevant return or its due date under Section 139(1) of the IT Act, whichever is earlier.

28 May 2024 Hi Experts,

I have the following query.

Suppose If I sell a house property in May 2024, and if the purchase of a new house property takes time, what is the time limit for depositing the Capital Gains in CGAS Scheme. Should I have to deposit the CG before July 31st 2024 or 6 months from the sale date which will fall in Oct'24.

Thank you

28 May 2024 Before filing relevant return or its due date u/s. 139(1) if IT act, whichever earlier...

05 September 2024 Good Luck.


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