Section 54
This query is : Resolved
14 March 2012
Is it Necessary to make the payment for Residential house purchased before filing of return to claim deduction under section 54.
Plz Reply.
Plz Reply.
15 March 2012
If the amount of capital gain cannot be invested in the residential house property before the due date of filing of return, then the amount should be deposited in a Capital Gain Account Scheme with a nationalised bank for claiming exemption u/s 54.
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15 March 2012
Thanx sir,
but my qs was can v claim deduction if v prepare d purchase agreement and show d amount as payable...nd make d payment aftr d due date..
but my qs was can v claim deduction if v prepare d purchase agreement and show d amount as payable...nd make d payment aftr d due date..
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