Dear All,
Please clarify my doubt.
Q) Assessee transfered a property (land), and he availed the exemption u/s 54F by depositing the amount in Capital gain exemption scheme,1988 for the F.Y.2011-12 (A.Y.2012-13). in the F.Y.2012-13, he utilised to some extent for construction of ahouse property.
My doubt is " Is there any declarations/compliances/disclosures that to be followed while filing ITR to the extent of the amount utilised"
and i have gone through the "OTHER FORMS" in the Income Tax site where those forms from "Form A to H" about Capital gain account scheme,1988, but i do not have clarity about those.
Please let me know if there is any IT Rule regarding the above query.
Thank you in advance.
CAclubindia
