Please Help: How to save capital gain?
Posted Date : 09-Feb-2013 , 12:57:06 pm | Posted By SHIVAM SIINGH
I Have Sold an Urban Agr. Land at 1 Cr.
And purchased another Agr. Land for Rs. 30 Lac in FY 2008 - 2009
Now the remaining amount left:;
How to save capital gain?
And purchased another Agr. Land for Rs. 30 Lac in FY 2008 - 2009
Now the remaining amount left:;
How to save capital gain?
Category : Income Tax | Answers : 1 | Comments : 2 | Hits : 115
Answers
Answer By: Mrattunjay
Time 3 years already past so no option for the same
Comments
ashish dalmia
09-Feb-2013 , 05:02:13 pmWELL since you have not revealed the COA of land and other relevant details so in nut shell i will advise you u that u dont have any defensive action to save tax(as 3yrs/2 yrs is already passed from dt of sale) and no scope now to deposit the sale proceeds in any capital gain deposit scheme in any scheduled bank which in your case should have been met by 31 07 2009(individual)
Mrattunjay
16-Feb-2013 , 07:19:12 pmNow time expired for capital gain exemption scheme as already more than 3 years past.