CAPITAL GAIN
This query is : Open
28 November 2020
A person sold a residential property in FY 2018-19 and there is taxable gain.
He has not invested in capital gain account scheme any amount.
However he has constructed a new residential property out of this sale proceeds and completed it in FY 2019-20 only
He has not yet filed FY 2018-19 return and now on filing whether he can claim Section 54 exemption ?
He has not invested in capital gain account scheme any amount.
However he has constructed a new residential property out of this sale proceeds and completed it in FY 2019-20 only
He has not yet filed FY 2018-19 return and now on filing whether he can claim Section 54 exemption ?
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