Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Time limit for depositing in capital gain account scheme

This query is : Resolved 

I had sold 2 plots in december 2017 and january 2018 resp. aggrigating amount to 55 lakhs.And purchased one plot from such proceeds.I want to avail the benefit of Sec 54 F.For that I am going to start construction on said land in couple of months.
My query is
1.What is time for depositing the capital gain amount in that capital account scheme after the transfer
2.Will that value of plot of land is also available for 54F exemption benefit or only value of construction is allowed

1. Before due date of return filing.
2. Construction cost with cost of land.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

CA Learning