Capital Gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2010 I have sold a house in Jan. Is it necessary to deposit the proceeds in Capital Gain A/C to purchas a new house. I have kept the money in Savings account. Please advise.

Ca Aashish Upadhyay

Ca Aashish Upadhyay (Expert)
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07 June 2010 Purchase a new land and start some construction work...! also you have time upto 31 july .within that date if you could not act as said than u need to deposit...!

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2010 What in case if i book a flat with the builder before 31st July.

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