{"id":30716,"date":"2022-11-08T08:33:41","date_gmt":"2022-11-08T03:03:41","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=30716"},"modified":"2022-11-08T18:50:27","modified_gmt":"2022-11-08T13:20:27","slug":"tax-liability-on-long-term-tax","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/tax-liability-on-long-term-tax\/","title":{"rendered":"Tax Liability on Long Term Tax"},"content":{"rendered":"<p>Dear Sir\/Mam,<\/p>\n<p>I sold a flat in Mar2019, and deposited Capital Gain in SBI capital gain account in Aug 2019, I am told that my LTCG Account A would expire on 31st Aug 2022,\u00a0 since I have not utilized the money and hence I need to pay 20% tax on unused money from this capital gain account.<\/p>\n<p>Need your guidance on how to pay Tax and on which segment of ITR I should file in returns.<\/p>\n<p>Also, I am unhappy that inspite of COVID no relaxation given by government to extend LTCG period for reinvestment, Pls guide if I missed anything.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[24,322],"class_list":["post-30716","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-capital-gains","qa_tag-long-term-capital-gains"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/30716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=30716"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30716"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=30716"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=30716"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=30716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}