Capital gains
This query is : Resolved
23 December 2011
There is long term capital gain from sale of residential property in F.Y. 2010-11. now, the assessee has constructed a new house and invested the amount in the construction in 2011-12 but has not made the agreement before the due date of furnishing return and has not filed the return for F.Y. 2010-11 till date. then will the benefit of exemption be available at this point?
24 December 2011
Yes benifit will be provided.
He can file the return of FY 2010-11, and claim the same as deduction.
But please File ITR.
He can file the return of FY 2010-11, and claim the same as deduction.
But please File ITR.
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