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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 March 2018 Dear sir
Purchase house rs 700000(2012-2013)
Sales 15lakhs (17-18)
So my question is how to save my capital gain. After March I have purchased a new house.
Can I opened capital gain account in nationalized bank for saving capital gain.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
22 March 2018 yes you can deposit the money in capital gains accounts scheme. Refer section 54 for requirements for claiming exemption
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 March 2018 Capital gain account open before the due date of filing return 31st July 18.
I am correct sir. Kindly advise me
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
24 March 2018 yes. that should be sufficient...

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