Deduction under chapter via of income tax
This query is : Resolved
Subhangi Mhatre
(Querist)
16 April 2014
Dear All,
I want to file the belated Income tax return for the A.Y. 2008-09 onwards in the income tax assessment notice. In this case, I want to claim section 54 exemption in the income from capital gain & also the deduction under chapter VI a of Income Tax Act, in the specified each year of filling returns.
Can I take the benefits of this exemptions & deduction in the income tax return????
Please Reply.......
Thanking You.....
I want to file the belated Income tax return for the A.Y. 2008-09 onwards in the income tax assessment notice. In this case, I want to claim section 54 exemption in the income from capital gain & also the deduction under chapter VI a of Income Tax Act, in the specified each year of filling returns.
Can I take the benefits of this exemptions & deduction in the income tax return????
Please Reply.......
Thanking You.....
Dintakurthi Tirumala
(Expert)
16 April 2014
Yes, you can take that benefits.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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Dhirajlal Rambhia
(Expert)
02 October 2021
For sec. 54 exemption some specific conditions are there. If those are satisfied, you can avail deduction; so check properly.
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