CCI Online Learning
What do you want to learn today?


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More


This query is : Resolved 

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

No tax implications in this case as capital gains utilised before extended due date of filing return.

Bajaj Finserv

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Trending Tags

Daily Latest Updates in your Mail Inbox