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Capital gain account, Other Topics

Issue Id: - 114577
Dated: 2-2-2019
By:- shripad mungi
Capital gain account

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I sold my flat. I have open new capital gain account and kept 50 lakh rupees in it. After 9 months I need to purchase new flat. Actually my capital gain amount was 25 lakh only, but I kept all amount after sale of flat i.e. 50 Lakh. Now for new flat booking I need 5 lakh for booking amount + 3 Lakh Stamp duty + 4 Lakh GST = 12 Lakh.

Builder said he will give the "Demand Letter" only after deposit of ₹ 12 Lakh. Bank said they will not issue any cheque without Demand letter from builder. So I am not able to use the money kept in capital gain account.

How can I book the flat ?

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Showing Replies 1 to 1 of 1 Records

1 Dated: 3-2-2019

The builder's view is not logic. How can a amount be deposited without a demand letter? If it is deposited it would amount to advance deposit.


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