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Hardship of letter- non paym of ltcg tax

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Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2012 there is long term capital gain on the previous year.this gain is kept with bank & lock that period or it is not used as per the section of the income tax.

but assesses is not able to pay tax on long term capital gain.

yet still no notice is issued to assess see.

to minimize the interest & penalty ,what is the duty of the assesses?

can he himself do take initiative to writing the letter of hardship?

how is it make sense?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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22 March 2012 To give you proper reply you are required to give the dates with year otherwise you will get a general reply like wait and watch.

Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2012 in response to providing the further detail as:-
last date of payment of LTCG IS 31-03-2012.
& II WAS NOT UTILISED AS PER THE SEC OF INCOME TAX ACT.

I WANT TO KNOW IF ASSESSEE IS NOT ABLE TO PAY TAX ON LTCG WHAT ARE THE STEP ARE TAKEN BY THE OFFICER OF INCOME TAX ?

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