Capital gain

Hi Vikram,

You have to deposit the amount equilent to Capital Gain into a Bank Account Capital Gain account scheme within 6 month of transfer or before filing of your return (whieh ever is earlier).

And you have to utilise the amount within 2 years (in case if you will purchase a residential house) or 3 years (in case if you will construct a residential house) from the date of transfer (sale ) of the residential house property.