I had withdrawn the entire amount from my capital gain account and paid to a party for purchasing a property. However due to a legal issue, the property registration could not be completed. The party has now paid back the money to me after 90 days since the amount was withdrawn. Will I now have to pay the LTCG immediately in the current year? Thanks.
Capital gain account - withdrawn amount not utilized within 60 days
Meenal Muthiah (8 Points)
16 July 2024