Investment u/s ec
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2018
Sir/Madam
I have deposited my long term capital gain form sale of land & building in specified account for constriction of house. But after 2 years I realized that it is not possible to construct a house. Now my question is after end of 3 years can I put the amount in Rural Electrification Corporation and the National Highways Authority of India. for 5 years as my gain is less than 50 lakh.
I have deposited my long term capital gain form sale of land & building in specified account for constriction of house. But after 2 years I realized that it is not possible to construct a house. Now my question is after end of 3 years can I put the amount in Rural Electrification Corporation and the National Highways Authority of India. for 5 years as my gain is less than 50 lakh.
17 July 2018
Such deposits should be made within 6 months from the sale of assets. Now you have to pay capital gains tax.
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