06 September 2007
Sec. 54 F permits investment in new Resi Property within a period of 2 yrs/construction of new house within 3 yrs. If the same is not done by the due dt of filing the return, then the Capital Gain amt has to be deposited to seperate C. G. Scheme A/c.
Can we withdraw this amt for some other temperory investment before utilizing it for the ultimate purpose of acquisition of new House property.
CAclubindia
