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Due date of filing -sec 54f

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(Querist)
29 November 2014 A RESIDENTIAL HOUSE CAN BE PURCHASED BEFORE DUE DATE FILING IF RETURN.

MY QUESTION IS-
WHETHER DUE DATE INCLUDES EXTENDED DUE DATE ALSO IN CASE OF WORKING PARTNER OF AUDITABLE FIRM IN ORDER TO CLAIM EXEMPTION UNDER SEC 54F ?

ASSESSMENT YEAR 2014-15
DUE DATE 30.09.2014
EXTENDED DUE DATE 30.11.2014
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
29 November 2014 for claiming exemption under section 54 An Asseessee has to make investment in house property within one before or two years after or three for construction from the date transfer of House Property having a long term capital gain.

If asseessee fails to make an investment on before filling of return of income he has to require the deposit the with Capital Gain Investment A/c. Failure in doing so he has require to pay taxes unutilized portion of Capital Gain.

Further, if Investment made after the date of Filling of Return of Income, he can make revised return and claim refund
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