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capital gain exemption
If house is purchased after 1 or 1 and half year but these is after income tax return filled for the year of sale of land but the amount is less then capital gain then how to deal with these condition is capital gain imposed or exempted
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If till the date of filing the return of income, the capital gain arising on transfer of the capital asset is not utilised (in whole or in part) to purchase or construct another house, then the benefit of exemption can be availed by depositing the unutilised amount in Capital Gains Deposit Account Scheme in any branch of public sector bank, in accordance with Capital Gains Deposit Accounts Scheme, 1988.
sir capital gain exempt or capital gain is imposed
If you have not deposited the balance amount in CGAS,1988 before filing ITR......... tax is imposed (as per your terminology)
if land is out of muncipal barder then
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