Capital gain

there is no provision to file a belated return after a specified period i.e., after the last day of the year in which the return was filed....so no return for that year can b filed...i would say let the department now find the way to deal with this matter...now wait for their response... but it is a bit strange why do u want to pay tax now???

Subah ka bhula sham ko aa jaye to use bhula nahi kahate, Par 9 sal bad kuch jyada nahi ho gaya. . . . . .

1.Well tax will be paid only on 175000 which was the gain.Penalties for late giving tax may be levied.

2. It may be the case of section 271(1)(c) where the investment amount is the amount from capital gain for which you had not paid tax.

Just wrote what I thought the solution can be. Please correct me where i m wrong.

mere dost upjeet...case reopen nahi ho sakta 6 saal baad...so no worries...

Thanks for rectifying vikas.................