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pay capital gain or not
I sold a property in month of September 2018, heard if I buy another property or car or flat before SEP 2019, capital gain exception is there. Now while filing fy18-19 do I need to show this sale and pay capital gain or leave for this year, and go for purchase before SEP 2019.
Replies (2)
Exemption is not allowed for purchase of car.
If any new property purchased before filing return, you can directly claim deduction but otherwise you need to deposit the amount in any capital gain savings scheme account of nationalized bank.
Yes, agree with Kamini Sheth
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