Dear all,
I am a tax payer and proud citizen, I have a query and request guidance and help.
I brought a property in 2008 and sold in Mar'19, profits from this was parked in a LTCG account in Aug 2019.
I brought a new property in 2020, but I didn't realize that I can pay from that LTCG account, I have paid from my saving account. So far I have paid₹14lacs, the recent installment was paid from LTCG account, this account getting expired in Aug '22.
Need guidance on
1. Can I claim benefit of INR 14Lacs paid from saving account from LTCG account.
2. Remaining account will default become taxable or I can use for the new property.
Thank you
Jalaj Karandikar
Mob: 9225508230
CAclubindia
