Capital Gain Deposit Scheme - Time Limit for AY 2020-21

This query is : Resolved

Vinay25 (Querist)
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12 November 2020 Dear Sir/Mam,

1. What is the time limit for depositing amount of Capital Gain in Capital Gain Deposit Scheme for AY 2020-21?

2. If not deposited within time, then what other options are available for claiming exemption u/s 54?

3. And for claiming deduction u/s 54 (Capital Gain Deposit Scheme), Individual should hold ONLY ONE HOUSE Property, on the date of transafer?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 November 2020 1 Deposit before 31st December 2020 due date of filing return.
2 No other options.
3 No restrictions in case of sale of residential House.

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