A person wants to pay capital gains tax on long term residential house sold by him and does not want to avail any exemption by investing in any further asset. The only problem is that he has to pay certain charges against challan to the collector office as land on which the building is constructed belongs to state government. Further, it will take at least 2-3 months to know exactly how much amount he has to pay under receipt to the collector office. These charges are deductible from Full Value of Consideration as expenses in relation to transfer of asset.
Please inform within how much time after the date of sale, he has to pay capital gains tax to avoid/ minimise interest on it. Thanks in advance.
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