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Section 54 Exemption Deadline

This query is : Resolved 
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(Querist)
03 February 2021 Hello,

Under Section 54, there is a period of 3 years from the time of sale of property during which the new house property is to be constructed.

My query is: The time limit under Section 54 was extended till September 30, 2020 (for the period being completed by March 31, 2020). But in case the period of 3 years is ending in February 2021, is there any way to claim exemption till March 2021 or later? Given the fact there was a force majeure event like Covid, and that an extension of 6 months has been given in 2020 (so could it apply to a period expiring beyond September 2020)?

Thank you in advance for your help.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 September 2021 Though not specifically stated, it can be generalized.
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