23 November 2017
amount arise from LTCG is neither used in purchse house property nor deposit in capital scheme
and use the money arise for personal use
but purchase house property within stipulated time
is it chargeable or not
plz provide case law
23 November 2017
Unutilised amount has to be deposited in capital gains scheme deposit before the due date of filing the return if only the condition is satisfied it is not chargeable to tax.