Underutilized amount in Capital Gains Account Scheme
This query is : Resolved
13 October 2019
Sir/Madam
I have sold a property on 10/10/2016 and deposited Rs. 40 lac in Capital Gains Account Scheme. However I could not constructed a building during these three years. Now my question is how much interest should I pay for this as I want to deposit this capital gain tax now.
I have sold a property on 10/10/2016 and deposited Rs. 40 lac in Capital Gains Account Scheme. However I could not constructed a building during these three years. Now my question is how much interest should I pay for this as I want to deposit this capital gain tax now.
14 October 2019
As and when your 3 years completed, the same would be taxable as the same nature of capital gain as it was originally in the year in which 3 years expired. There is no question of Interest.
If u still have query, you can contact me.
If u still have query, you can contact me.
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