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LTCG

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Vinod Satam

Vinod Satam (Querist)
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27 September 2020 LTCG incurred for FY 2019-20 say 1 lakh
But not invested i 1lakh n CAGS by 30th September 2020 .
However on the contrary invested in an under construction property - 1 lakh ( entire capital gain utlised) on 20th November 2020 before filing IT Return(Date of filing Return extended to 30th Nov)
Please help understanding tax implications in this case

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 September 2020 No tax implications in this case as capital gains utilised before extended due date of filing return.

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