capital gain exemption
Sree Vidya (student) (128 Points)
09 February 2018Now please help me how to take exemption and get refund on Tax paid for Capital Gains...
Thanks a ton in advance
Sree Vidya (student) (128 Points)
09 February 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 09 February 2018
Now it is not possible........ The Gains/proceeds were required to be deposited in CGSS accounts before filing the relevant ITR..
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 09 February 2018
Originally posted by : Dhirajlal Rambhia | ||
Now it is not possible........ The Gains/proceeds were required to be deposited in CGSS accounts before filing the relevant ITR.. |
Now it is not possible...
Sir.,
Please explain how it's not possible? Bcoz., He is filed his ITR. Then Can we use the amount without any Taxes...!!!
Sree Vidya
(student)
(128 Points)
Replied 09 February 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 09 February 2018
@ S Elavarasi: The question is for claiming exemption u/s. 54/F, and not utilization of money which is already taxed......
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 09 February 2018
@ Sree Vidya: Knowing or not knowing any law/act can never be excuse.
Whatever was invested before sell of property(?) not exempted u/s. 54F.......... but if sec 54 was applicable......... it should have been claimed in the ITR......