UNUTILISED CAPITAL GAIN FD
This query is : Resolved
13 August 2025
Dear All
I have received 50 lakhs against sale of shop in AY 2011-2012 and i had invested full amount in Capital Gain but failed to file ITR for the same after 14 years can i withdraw from Capital gain ITR and what is tax impact on it??
Please suggest
I have received 50 lakhs against sale of shop in AY 2011-2012 and i had invested full amount in Capital Gain but failed to file ITR for the same after 14 years can i withdraw from Capital gain ITR and what is tax impact on it??
Please suggest
13 August 2025
Check with bank for the status of the CGAS FD. If open you have to get its statement and get ITO permission to withdraw the amount on Form G. Tax liability will depend upon the total amount of the FD value. Rate will be 20% +cess.
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