18 July 2012
SIR I AM SALE RESIDENTIAL PROPERTY GURGAON AND TAX SAVING PURPOSE INVESTED NEW BUILDER PROPERTY NOIDA BUT BUILDER NOT COMPLETE PROJECT 2 YRS AND PROJECT CANCELLED. MY MONEY IS RETURNED
I AM LONG TERM CAPITAL GAIN PAID OR INVESTED OTHER RESIDENTIAL PROPERTY., PLEASE HELP ME
18 July 2012
Mr. Dhundiyal, In Rajasthani, in such a situation we generally used to say- "Dhan bhi gayo ane Dharam Bhi Gayo. . The situation is really awkward. . But I would like to suggest you to reinvest the amount refunded in the new residential house, immediately. Your deduction will not go away as the circumstances were beyond your control. .