Long term capital gain


This query is : Open 

(Querist)
05 December 2017 i had purchased property in 2006 now i had sold the property in 2016. i m planning to invest in another house property so in the mean time i have invested in the fd account so what is the treatment in filing returns

Mayur (Expert)
06 December 2017 You should have invested that money in Capital Gain Account only and not in FD account then only you are eligible for the exemption of capital gain tax.

Divya Raikar (Querist)
07 December 2017 now what to do should i pay the tax?? on the amount that is adjusted

Mayur (Expert)
07 December 2017 yes go ahead and pay the necessary taxes.


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