Capital gain account - withdrawn amount not utilized within 60 days

Meenal Muthiah (3 Points)

16 July 2024  

I had withdrawn the entire amount from my capital gain account and paid to a party for purchasing a property.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 The party has now paid back the money to me after 90 days since the amount was withdrawn.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.