Comments

  1. vijay says

    I surrendered 1000 shares in delisting process (RBP) to ALFA Laval. I hold these shares 25 years. Exit price was Rs4000 each. Thus I receive 40 Lakhs Amount. Will this Amount is TAX-FREE or Long term capital gain is applicable?
    If LTCG gain is applicable, I took the NHAI bonds of Rs6 Lakhs and Purchase the huse of Rs34 Lakhs, Now there will be no long term capital gain TAX, is it True?

  2. sri darshan says

    I sold a property in feb ’12. shud i put al the money in this scheme b4 july ’12.
    I heard ther is a breathing time of 6 months.

    • SK says

      Sri, You will have to put the capital gains part of the income into this scheme before 31 July 2012, the date for filing the return.
      Please correct me if necessary.

  3. medini says

    my father sold property in 2012 jan in which he got long term capital gain of 28 lakhs.Due to some reason he was not knowing he have to open account in nationalised bank & pay cheques to builder to buy property from that account & so he invested money in shares with the aim that he will buy a property or will pay tax.But only 4/5 days before last date of filing tax he came to know abt this account but all money was invested in shares which he can not take out.Now he had paid tax of around 5.65 lakhs by taking loan on last date 31st july 2012.
    My query is that can he get refund if he purchase property in stipulated time if he invested fully or partially in plot or flat or constructed a house???

  4. rkjindal says

    THE ARTICLE CLEARS THE DOUBTS ABOUT THE TIME FRAME IN WHICH THE NEW ASSET SHOULD HAVE BEEN ACQUIRED. MY PROBLEM IS THAT WE SOLD THE HOUSE DEPOSITED THE CAPITAL GAIN AMOUNT IN THE SBI CAPITAL GAIN ACCOUNT SCHEME. BUT THERE ARE TWO DEFAULTS MADE BU US.NO.1 WE HAVE NOT SHOWN THE CAPITAL GAIN DETAIL IN THE BELATED I T REURN FILED IN FORM NO. 1 FOR THE aSSTT. YEAR 2010/11. 2ND DEFAULT THAT 3 YEARS HAS ELAPSED BUT YET THERE IS NO INVESTMENT MADE BU US. THE 3 YEARS EXPIRES IN SEPTEMBER 2012. PL. ADVISE. MY EMAIL ID IS rkjindalin@yahoo.co.in
    rkjindal ca

  5. Harshal says

    I have sold my flat in Aug2012. I want to invest this amount for paying for another house(New) which is under construction since 2007(huge complex). The agreement and registration for new house was done in 2008, but yet it is around 60% completed. Will the capital gain be taxable in this case as the construction will be hopefully completed before 3 years now on.

  6. parasuram says

    My brother sold his site for 40 lakhs in sept13 and is planning to buy another site or flat.Is it necessary that he should put all the money in capital plus account or can wait till as he is thinkigg of buying another site

  7. M.Subbu Krishnan says

    Assessee sold the property during the financial year 2009-10. Due date for deposit scheme is due on 31/07/2010 but the assessee has not deosited in the above scheme.Instead he paid advance of Rs.30 Lakhs for purchase of land for house construction.Purchase deed was registered on 02.09.2010 for Rs.107 lakhs is., about Rs.77 Lakhs paid on 02.09.2010 since the advance of Rs.30 Lakhs already paid. Is it compulsory to route this through capital gain A/c Scheme to avail Exemption U/s.54F

  8. ankush says

    sir
    i had sale my residendial property in feb 2014.
    now as i am unable to find suitable property for myself now…
    so should i had to put my amount in capital account before 31 july 2014 or i can kep it for next one year with me…plzzz tell me the best answer

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