Home Forum Income Tax Month 11 2017 2017 (11) This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
capital Gains tax - Income TaxExtract On sale of commercial property in feb 15, I realised ₹ 10 lacs. On this long term capital gain after indexation was, say 4 lacs. I deposited sale consideration of 10 lacs in capital gain account and claimed exemption of LTCG tax in my return. Now, if I do not invest 10 lacs in purchase or construction of house within 3 years of sale of comml property, on what amount and at what rate, am I liable to pay tax? Further, how can I withdraw amount lying in my capital gain account from bank? Any prescribed form for seepkin ITO approval? Please guide.
|