Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 November 2011
I was purchase a flat Rs 695000/- on 12.02.2007 and sold on 23.03.2011 for Rs. 2700000/- and i am neighter deposited sum amount in recognise bank and nor book flat and now i like to file my return today .How will i save the tax ?
17 November 2011
You have to pay tax now, alongwith interest, as the due date for filing return has passed.
However if you purchase a residential house within 2 years from the date of transfer or construct a residential house within 3 days from the date of transfer,
apply for rectification of the assessment u/s 154(1) and you may claim exemption.
However if you purchase a residential house within 2 years from the date of transfer or construct a residential house within 3 days from the date of transfer,
apply for rectification of the assessment u/s 154(1) and you may claim exemption.
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
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
