Capital gain for adjusting my i.t debt

Dear Users,

Please suggest me in identifying a solution for the case below.

1. I have a X amt as captial gain amount for the proeprty sold by me a year back and I have deposited the amt in a Centralised bank.

2. Parallely I am liable to pay penalty to IT Dept for another case for Y amt.

Can the X amt (Capital Gain amt) be adjusted for Y amt in IT.

PLs suggest. THanks

JAYADEV RAO 01 May 2016

DEAR SIR,

KINDLY CLARIFY THE STAMP DUTY IN CHENNAI FOR GIFT MADE TO THRID PARTY

AND NOT BLODD RELATIVE.

AND ALSO INCOME TAX IMPLICATION FOR RECIVING THE GIFT FROM DONOR

WITH REGARDS

JAYADEV RAO

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