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Early refund of capital gain bonds (Taxation)

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Author : Fern
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Posted On 04 July 2012 at 11:44

I sold my house in Mar.2011. I had deposited LT capital gain in Rural Elec. Corp. Bonds on 25.7.2011. There is some problem, I may have to return the money to the buyer and take back possession of the house. As I do not have such funds to pay back, the decision also depends on whether I can get back the money deposited in the bonds within about 1 year i.e., less than 3 years. Seeking your kind advise to avoid me taking any wrong step. Please also inform the procedure to be followed.



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