Sir/Madam,
I sold an inherited property on 22.02.2022.
I want to purchase a new property within 2 years and now I want to keep the Long Term Capital Amount in Capital Gain Account Scheme.
I would like to know by when I am supposed to put the money in Capital gain account scheme to avoid the tax penalty as right now the money is lying in my normal saving account. Thanks
Regards,
R.k ghosh
Menu
Time Limit for Long Term Capital Gain Sccount
Replies (6)
Mr Ghosh are u planning to construct a residential property?
Sir i like to purchase a residential flat.
Deposit it before tge date of return filing or actual date of return filing whichever is earlier.
You can deposit before 31-7-22
You have to deposit the CG amount in the bank account before the due date of filing of Income Tax returns.
| Originally posted by : Uday Teja | ||
 |
You can deposit before 31-7-22 |  |
correct
Recent Threads
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
- Section 194C or 194J apply in survey fee to determ
- Accidental Switch to New Regime using Form 10-IEA
Related Threads
CAclubindia
