Partial capital gains

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If I have capital gains of Rs. 90 lacs, after adjusting losses from long term losses from equities. My net sale amount of the property is 140 lacs, If i wish to purchase property worth 80 lacs in one yrs time. Can I deposit only 80lacs in capital gains account before filing of the return and on rest amount I can pay capgain taxes. If i have already paid the advance tax, is there any problem in getting the refund of taxes.
Replies (1)

Yes, you can claim exemption of partial CG, and adjust the remaining or pay CG tax over it.


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