Extension of last date for filing return- sec.54 investment
This query is : Resolved
VENKATESH N
(Querist)
03 August 2012
Dear Expert,
Does the extension of last date for filing return of income give little time for doing the investment in residential property against capital gains on sale of residential house property till 31st Aug 2012?
Please clarify.
Thanks in advance.
Regards,
Venkatesh N
Does the extension of last date for filing return of income give little time for doing the investment in residential property against capital gains on sale of residential house property till 31st Aug 2012?
Please clarify.
Thanks in advance.
Regards,
Venkatesh N
CA PARAS BAFNA
(Expert)
03 August 2012
The benefit will be granted to those who are claiming exemption U/s 54/54F by purchasing a house till the extended Due Date i.e. till 31.08.2012.
Yogesh Agarwal
(Expert)
03 August 2012
This benefit is available in case you could not buy or construct the house and wish to deposit in capital deposit account....
CA.Sourabh Sethia
(Expert)
04 August 2012
the provision provides that If the assessee was not able to invest in the house property till the due date
Then to claim exemption and to invest in the future for Claiming exemption
The assessee can invest in the Capital Gain Account scheme
But if you have utilized the amount before the due date (or Extended due date )then you don’t need to invest in the Capital Gain Account Scheme
Then to claim exemption and to invest in the future for Claiming exemption
The assessee can invest in the Capital Gain Account scheme
But if you have utilized the amount before the due date (or Extended due date )then you don’t need to invest in the Capital Gain Account Scheme
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
