Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 August 2012 I sold a land in march 12 and invested the amount in purchase of a flat under construction . But before return filing date I had with me some amount left out of that sale proceeds so I deposited that amount on 31-07-2012 in the Capital gain a/c of SBI bank to get exemption from capital gain tax. But prior to that I already filed my Income tax return without giving the details of capital gain . So if I revise the return now will it make me eligible to get the exemption, as U/s 139 for filing the return we still have the time.

Jinesh Bhagdev

Jinesh Bhagdev (Expert)
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17 August 2012 Yes, You can revise the return today and mention all the details. Since the due date is extended to 31/08/2012, your issues will be taken care of.

Querist : Anonymous

Querist : Anonymous (Querist)

17 August 2012 Can anyone refer me a case study in this regard....??

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