I HAVE CAPITAL GAIN IN THE PREVIOUS YEAR. BUT I WANT TO RE-INVESTMENT THE GAIN FOR PURCHAING OF NEW ASSET AFTER ONE MONTH. I WANT TO FILE MY INCOME TAX RETRUN TO-DAY I.e 22/08/2018. SO MY QUESTION IS WHAT AMOUNT SHOULD I SHOW IN THE COLUMN OF COST OF NEW ASSET OF POINT."D" OF CAPITAL GAIN SHEDULE IN ITR 3 ?. I DONT KNOW THE EXACT AMOUNT OF NEW ASSET WHICH I WILL PURCHASE IN FUTURE. BUT THE COST OF NEW ASSET IS MORE THAN MY LONG TERM CAPITAL GAIN .
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Capital gain
Replies (5)
As per the provisions of IT act, you need to deposit such capital gain amount in Capital gain account scheme before due date of filing of IT Return ..
you don't know exact amount of new asset but
Exemption u/s 54 and 54F is max allowed up to Capital gain amount so firstly you should claim exemption and file your return
you don't know exact amount of new asset but
Exemption u/s 54 and 54F is max allowed up to Capital gain amount so firstly you should claim exemption and file your return
you have not mentioned which assets you sold. kindly clarify it
New Residential House Property
ok sir. but is it mandatory to deposit the gained amount into capital gain scheme. i will purchase a new house with in 15 days. and the new house will cost me approx. Rs. 6,00,000 and my capital gain is Rs. 3,50,000
thank you for your reply.
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