15 July 2023
If an assessee has sold a plot which was held by him for more than 20 years and deposited the capital gain amount in Capital gain account scheme. Also failed to reinvest the capital gain amount into new property. What should be the implication ?
15 July 2023
After three years, the tax liability will arise, as earlier. Without which he will not be allowed to withdraw the amount from CGAS, 1988 acc.
CAclubindia
