I sold a property in April 2023. I have opened a CGAS (Capital Gains Account Scheme) under 54E in April 2023 (after the date of sale).
How many months do I have to deposit the sale amount into CGAS?
I will be filing a tax return in June 2024 (for the AY 2023-2024).
Thanks for the response.
Yes, I am planning to deposit entire capital gains into the CGAS account.
Is there a last date for doing this? I read somewhere that the amount should be deposited before
July end of the assessment year.
YOGESH KAPOOR AND ASSOCIATES
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