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Long term capital gain u/s 54

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(Querist)
20 January 2015 One our Customer to Sold out the Property House (Purchase in F.y.04/05 -Rs.250000) Rs. 785000 in oct. 2013 and purchase a new house in Sept.2014. He can avail the benefit of U/s 54. He is not invested in Capital Gain Scheme before income Tax due date Return...now what procedure the rebate u/s 54.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
20 January 2015 it was purchased within 2 year from the date of transfer so is eligible for sec 54 benefit.
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SACHIN

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SACHIN (Querist)
20 January 2015 Sir But not invest in Capital Gain Scheme..before Income Tax Due Date Return...
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Rupesh Jain

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Rupesh Jain (Expert)
20 January 2015 then you have to pay the tax on gain .
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