Capital gain

ABDUL RAUF MOMIN (TAX CONSULTANT) (58 Points)

11 February 2017  
IF A PERSON HAS EARNED LONG TERM CAPITAL GAINS ON TRANSFER OF RESIDENTIAL HOUSE IN OCTOBER 2015, AND INVESTED THAT CAPITAL GAINS IN PURCHASING RESIDENTIAL PROPERTY IN SEPTEMBER 2016. CAN WE CLAIM THIS INVESTMENT IN AY 2016-17 I TAX RETURN. PERSON HAS NOT DEPOSITED THE CAPITAL GAINS IN CAPITAL GAINS A/C WITH BANK