Capital gains

Share
Share This Thread
  1. siddart91

    siddart91 New Member

    Do i have to put all my money for Long term capital gains in the bank account CP specific scheme category if not what would be the case if i bought housing property with that money without using any capital gains account?
    We sold the property 2years ago and filing the returns now.
    will there be entire Cap Gain exemption of section 54 ?
     
    Last edited: Sep 13, 2016
  2. Yatin Gandhi

    Yatin Gandhi Active Member

    If you have bought the property in the same year in which you sold the old property - it is not necessary for you to deposit the amount in the capital gains account
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Release of Funds from Capital gains account Income Tax Jun 7, 2018
Capital Gains tax Income Tax Feb 12, 2018
Capital gains bonds investment in the name of deceased person Income Tax Feb 9, 2018
CAPITAL GAINS ON SALE OF PROPERTY Income Tax Jan 6, 2018
Capital Gains on House Property Income Tax Dec 31, 2017