Capital gain

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TAX CONSULTANT
58 Points Joined March 2011
IF A PERSON HAS EARNED LONG TERM CAPITAL GAINS ON TRANSFER OF RESIDENTIAL HOUSE IN OCTOBER 2015, AND INVESTED THAT CAPITAL GAINS IN PURCHASING RESIDENTIAL PROPERTY IN SEPTEMBER 2016. CAN WE CLAIM THIS INVESTMENT IN AY 2016-17 I TAX RETURN. PERSON HAS NOT DEPOSITED THE CAPITAL GAINS IN CAPITAL GAINS A/C WITH BANK
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On 11 February 2017 at 17:53 Report
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SEO Sai Gr. Hosp.
210685 Points Joined July 2016

Yes, (CIT v. Ms. Jagriti Aggarwal (2011) 339 ITR 610.) (Fatima Bai v. ITO (2009) 32 DTR 243)

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On 11 February 2017 at 19:56
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student
212 Points Joined July 2016
I think NO... However not sure... I read case law Dhirajlal mentioned.... but it is different situation...
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On 11 February 2017 at 23:45


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