Tax planning on capital gain
This query is : Resolved
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
(Expert)
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.
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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