digvijay, Mumbai
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Is there a penalty if capital gains tax on real estate is paid late or delayed, after the sale of property?

Latest Answer: Hi, If the amount is not utilised within three years for purchasing or constructing a house, it will be taxable after the expiry of three years from the date of sale. In your case, if the amount is not utilised within three years, then it will be taxable at 20% in 2019-20, along with 4% cess. No penalty will be levied.

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