Time limit for calculation of LTCG
This query is : Resolved
19 May 2023
Respected sir
Please clarify the following
Sale of property was registered in April '23
TDS was (for the whole amount of sale price) made in March'23 and remitted in March itself by the buyer.
1.When to file return for claiming LTCG ?
2.From which date the time limit of 2 years will be calculated ?
Thanks in advance
Please clarify the following
Sale of property was registered in April '23
TDS was (for the whole amount of sale price) made in March'23 and remitted in March itself by the buyer.
1.When to file return for claiming LTCG ?
2.From which date the time limit of 2 years will be calculated ?
Thanks in advance
19 May 2023
When was possession handed over?
22 May 2023
Respected Sir
Possession was handed over after sale deed registration .ie in April '23
Possession was handed over after sale deed registration .ie in April '23
22 May 2023
You need to carry forward TDS claim to FY 2023-24 i.e AY 2024-25
Sale transaction date will be date of registration in April, 2023, effective date to claim long term capital gain.
Sale transaction date will be date of registration in April, 2023, effective date to claim long term capital gain.
22 May 2023
Respected Sir
Could yo please clarify one more point
i have to make the deposit in capital gain scheme only before filing of income tax return ie before June '24.
Is it correct ?
Thanks in advance
Could yo please clarify one more point
i have to make the deposit in capital gain scheme only before filing of income tax return ie before June '24.
Is it correct ?
Thanks in advance
22 May 2023
The time limit for investment u/s. 54EC of the act, is six months from the date of sale, and not from filing relevant return.
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