Underutilized amount in Capital Gains Account Scheme
This query is : Resolved
sampad mohanty
(Querist)
09 October 2019
Sir
I have sold a property on 10/10/2016 and deposited Rs. 40 lac in Capital Gains Account Scheme. However I could not constructed a building during these three years. Now my question is how much interest should I pay for this as I want to deposit this capital gain tax
I have sold a property on 10/10/2016 and deposited Rs. 40 lac in Capital Gains Account Scheme. However I could not constructed a building during these three years. Now my question is how much interest should I pay for this as I want to deposit this capital gain tax
26 May 2020
You have to pay the Income Tax on Capital Gains after the period expires.
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