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capital gain

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06 March 2009 Respected Sir,
please guide me
i have filed my return for the F.Y. 2006-2007 in february 2008 (late return)
in this return i deposit Rs 1,24,410 as capital gain on sale of residential house because i do not purchae another house or deposit into speical account.
now i purchase residential house property on installment whether i can rectified my return or otherwise to get this amount refund

06 March 2009 By Dear Friend,
As per the famous judgement of Kumar jagdish Chandra Sinha, a belated return can't be revised.

07 March 2009 Since you have not purchased a residential property and not deposited the amount is CGAS, ur capital gain is subject to taxation.




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