Capital gain
This query is : Resolved
17 April 2015
I have sold 2 land in nov 13 and march 14 . I have not invested this capital gain in any capital gain tax saving bond till date.
is there any way out to save this capital gain tax now.
I have not file income tax return .
17 April 2015
As per the law, you were required to invest in bonds within 6 months from the date of transfer. So, the time has gone.
.
Also, you could save capital gains tax by purchasing a residential house (s.to. certain conditions) before the due date of filing the return. As the due date has also passed, you are liable to capital gains tax.
.
.
Also, you could save capital gains tax by purchasing a residential house (s.to. certain conditions) before the due date of filing the return. As the due date has also passed, you are liable to capital gains tax.
.
17 April 2015
sir, if I am not wrong, if the person has not filed the return yet, he can still invest the money in another house property and claim exemption as the requirement is that the you need to invest before filing return under section 139 (including 139(4)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- Inventory of finished goods
- TDR receipts for agreement holder
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- ERROR WHILE GENERATING .XML FILE FOR AY 2018-19
- Vivad se vishwas scheme 2024 new
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
Trending Online Classes
CAclubindia
