29 November 2017
Mr.X Sold (1.12.2014) a residential plot Rs 30lakh.cost of acquisition with indexationRs. 573465. Deposited in August 2015 Rs 30 lakh in LTCGA. House could not be purchased/constructed. Suffered loss of Rs 40000 on account of deduction of EMD by a Govt. housing board. Please Guide: tax liability, withdrawal from the account and closure of LTCGA. with regards. R.K.Arora
30 November 2017
Thanks Sir,please guide for the purpose of challan 280 whether it will be self assessment tax or advance tax? for the assessment year 2018-19?
30 November 2017
Mr.x stated above is above 60 years.self assessment tax is payable in 2018-19.Kindly advise whether ltcg amount can be withdrawn without payment of tax,in Dec 2017.
CAclubindia
