Hi,
I am from Mumbai, Maharashtra.
I sold my flat in March-22, last FY 2021-22
Stamp Duty, Registered done and paid by buyer in same month March-22
I have booked a new flat and paid 50% amount to the builder but agreement, stamp duty, registration are pending as I am waiting for OC which is expected by next month August or September max.
My query are,
Should I need to open a capital gain account and deposit profit amount in the same before ITR filing date 31st July 2022?
Is there any chance to arise any legal query in future from IT department if I am not open capital gain account and deposit the profit amount?
Please note, the property which I sold was named on 2 holder me and my mother and I am also planning to buy new property on both name.
Thanks in advance for help.
