one of my client has sold mutual fund on long term basis and re-invested the amount received in purchase of new house property. so will he be charged long term capital gain on mutual fund. also will he get tax benefit for purchase of new house property with the income earned for mutual fund sale.
Yes, to both queries.
The form should be submitted to the office of the Institute within 60 days. In case of delay in filing the form beyond the stipulated period, it has to be accompanied by a request for condonation and appropriate condonation fee as per the following schedule:
(i) Delay upto 30 days beyond the initial period = Rs. 100/-
(ii) Delay between 31 days – 180 days = Rs. 300/-
(iii) Delay beyond 181 days = Rs. 1000/-
Rs. 100/- Non-Judicial stamp paper. ..
You are welcome.
One more question my dear sir,on that non judicial stamp paper what content should be mentioned in sentences??
And also with this I have to attach my form 108 completion copy??
Download Form 108 Sample filled format of ICAI. Download Sample Format - filled form 108 of ICAI ......
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