Tax planning on capital gain

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DEEP SHAH (Querist)
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02 January 2016 My client sold land on 30/03/2015. then after he left at USA and meanwhile neither invested capital gain nor deposited amount separately in capital gain account. now what will be the best tax planning to avoid the capital gain?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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03 January 2016 there are no ways to avoid capital gains in this case unless he deposits the money in CGAS or buy new house before filing of the return.

DEEP SHAH

DEEP SHAH (Querist)
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03 January 2016 I have heard that there are some judgments given by ITAT or HC that allows to keep the money in saving account. can anyone tell me the judgements.

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