long term capital deposite


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Querist : Anonymous

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Querist : Anonymous (Querist)
06 September 2010 I have invested 10 lacks 3 years back to save tax on long term capital gains. now i want to withdraw the ammont for purchase of residential property. But the department insists to pay tax as the period of 3 years expired. what shoud I do. Will any one please help me.

regards and thanks in advance
nagesh

CA Shiv (Expert)
06 September 2010 yes you shoould had invested 3 years back....
Pay the tax...


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