LTCG exemption is admissible even if the amount is deposited within time permissible u/s 139(4)

Loading

LTCG exemption

LTCG exemption is admissible even if the amount is deposite within time permissible u/s 139(4)

Capital Gain exemption is admissible even if the amount of capital gain is deposite within time permissible under section 139(4):

Where assessee an individual deposited un-utilized sale consideration in capital gain account. Scheme within due date of filing belated tax return under section 139(4).  Capital gains relief under section 54B and section 54F would be allowable. It is not necessary that investment should have to be make within original due date of filing return under section 139(1)

Refer:[2018] 89 taxmann.com 235 (Rajasthan)


[button color=”” size=”” type=”round” target=”” link=”https://thetaxtalk.com/”]home[/button]  [button color=”” size=”” type=”round” target=”” link=”https://thetaxtalk.com/submit-article-publish-your-articles-here/”]Submit Article [/button]  [button color=”” size=”” type=”round” target=”” link=”https://thetaxtalk.com/discussion-on-tax-problem/”]Discussion[/button]

Menu