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Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2013 Hello sir i did not file income tax return for the financial year 2011-12, in fin year 11-12 tds is 35000 Rs. can i claim Refund tds if i filed return 31 before july 2013?

Ganeshbabu K

Ganeshbabu K (Expert)
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18 July 2013 Yes.you can file BELATED return for F.Y.11-12 i.e, A.Y.2012-13 and can claim refund for the amount after computation of your income as per incometax act..

Please note penalty 271F for Rs.5000 can be demanded by assesse for delay in filing of return

Thanks & regards
Ganesh babu k

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2013 thx sir thx u very much

Querist : Anonymous

Querist : Anonymous (Querist)

19 July 2013 if we deposits capital gain into capital gain bank account scheme before due date then at the time of return in itr 2 where we will show the amount deposits in capital gain scheme because in itr 2 i did not found the column where i have been show capital gain deposits sceheme amount ?

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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27 July 2025 Good question!

When you deposit your capital gains into the **Capital Gains Account Scheme (CGAS)** before the due date of filing your income tax return, it helps you **claim exemption** from capital gains tax under sections like 54, 54F, etc.

### Where to show Capital Gains Deposit in ITR-2:

* In **ITR-2**, you won't find a separate column explicitly named “Capital Gains Account Scheme Deposit.”
* Instead, you **show the capital gains amount under the Capital Gains section** (Part B - Schedule CG).
* In the schedule where you declare your **Capital Gains**, you will enter:

* **Full capital gain amount** (before exemption).
* Then under the exemption section, you mention the **amount invested/deposited in the Capital Gains Account Scheme** (the amount you deposited in CGAS).
* This will reduce your taxable capital gains accordingly.

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### Steps to declare:

1. **Calculate the total capital gains**.
2. **Mention the exemption claimed** based on the amount deposited in CGAS.
3. Attach details like deposit receipt in case of scrutiny.

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If you are using the income tax e-filing portal or offline utility, you will see a field called **“Exemption claimed under section 54/54F”** or a similar section where you enter the amount deposited in CGAS.

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If you want, I can help you with the exact fields or steps in the current ITR form utility. Just let me know!

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