Income tax

Tax planning 287 views 1 replies

dear sir 

          my client land has compulsory acqisition by road department in urban area. It has LTCG taxable on computation working . my query is taxable capital gain deposit in to capital gain account scheme but it as due date & filing return are expired. now deposit Capital gain account scheme what penelty will come ?

ay 2014-15  sale of land 31/12/13 

Replies (1)

There is a way out

Invest entire amount (net consideration) by the end of this financial year[31.03.15]. DO NOT DEPOSIT IN CAP GAIN ACCOUNT SCHEME

If not then exemption can not be availed


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register