TMI BlogCapital gain accountX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ? - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DR.MARIAPPAN GOVINDARAJAN - The Reply = 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. - Capi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tal gain account - Query Started By: - shripad mungi Dated:- 2-2-2019 Other Topics - Got 1 Reply - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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