We had declared capital gain amount u/s 54 for Rs 14 lakh in ITR of AY2016-17 and deposited the same in CGAS.But unfortunately we still not use this amount for buying new property till date(Dec21). Now for closure consideration banker asked for form G but our Assessing officer denying to attest the form and advised that you pay the capital gain tax in current year ITR ( FY20-21 which is yet to be file) according to the calculations by your chartered accountant and submit the challan copy,ITR & CA certificate to bank to close the account. But problem is that capital gain for FY 17-18 is not reflecting, and capital gain tax if we show in other capital gain in the current itr form then how to show interest payable on delay.Even we can't revised the ITR for AY18-19.
The banker wants Form G but AO says no need. So please advise how we can sort out the matter.
CAclubindia
