Hi all,
I want to know that .if i have a capital gain in f.y. 2012-13 and i want to purchase a new property, for that i have a time period till 30.09.2013. So is this possible that i can use this capital gain amount into my business.??????
Thanks & Regards
Mukesh Gola
Do u want to use that sale consideration till 29-09-2013, so that on 30th september, you will deposit in Deposit scheme and will claim deduction?
Is it correct?
To avail capital gain tax exemption, you have to invest the sale proceeds in purchase a residential flat within the prescribe period, failing which you have to pay tax without any delay OR you can invest in capital gain bonds having a lock-n-period of 3 years OR deposit in the capital gain deposit with SBI.
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