Capital Gain Deposit Scheme - Time Limit for AY 2020-21
This query is : Resolved
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?
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
(Expert)
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.
2 No other options.
3 No restrictions in case of sale of residential House.
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