Need to open Capital gain account or not
This query is : Resolved
08 July 2024
Suppose if i sell a plot/house property in June 2024 and want to buy new house property in February 2025. Should i have to deposit the capital gain in CGAS scheme before July 2024 or July 2025 (at a time of itr filing)?
Actually i do not want open capital gain account so when can i buy new property without depositing mony in capital gain account?
Actually i do not want open capital gain account so when can i buy new property without depositing mony in capital gain account?
08 July 2024
Property sold ... June 2024, So if you cannot utilize the money in purchase/construction of HP by July, 2025, you need to deposit the amount in CGAS,1983 acc before filing return i.e. 31.07.2025.
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26 August 2024
Good luck.
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