banner_ad

Capital gain tax on resedential property sale

Others 143 views 1 replies

Hi,

Please guide on Capital Gain Tax.

My Father purchased a property in 1968, After my father demise I sold the property on 3rd June, 2018 worth rupees 1.2 CR. The said amount I kept in Fixed Deposit for the period of 9 months. My two questions are :1. Please guide what is the time limit (period) to open Capital Gain Tax Account.

2. As I kept sold amount in Saving Bank Account and Fixed Deposit, Do I need to pay Tax for these 9 months. 

3. Please also suggest If now I open the Capital Gain Account, Do I need to deposit the interest of 9 months as well

Thanks

Replies (1)

1  Before filing return of AY 2019-20

2. No.

3. No.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details