Dear friends,
A property (land) was sold during the financial year 2006-07 & Sales consideration invested in capital gain account scheme. In the financial year 2008-09 a house property was purchased but the amount invested in capital gain account scheme is not fully utilised for the purchase & balance amount still remaining in the capital account scheme and it will mature on March 2010. what is the tax impact in the financial year 2008-09 & 2009-10
CAclubindia
