Time limit for opening of Capital gain Account
This query is : Resolved
20 November 2021
I have sold a 18 year old residential plot on 28.10.2021. I jointly own also one no. residential house since 30.10.2012. As I want to take benefit of Sec 54F, kindly answer my following queries :-
(1) Can I take benefit of Sec 54F (purchase or construction of second new residential house) having owned already one no. residential house ?
(2) If yes, then up to which date can I open a Capital Gain Account & then deposit the entire sale proceed into it ??
(1) Can I take benefit of Sec 54F (purchase or construction of second new residential house) having owned already one no. residential house ?
(2) If yes, then up to which date can I open a Capital Gain Account & then deposit the entire sale proceed into it ??
21 November 2021
1. Yes.
2. Before filing relevant ITR.
2. Before filing relevant ITR.
Message likes :
1 times
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
- Money lost in stock market related scam
- Reminder of Dues under the WBGST Act 17
- Rebate u/sec. 87A manually
- 80ccd(2) deduction
- ITR2 Not Validating Short Term Capital Loss as value less than zero
- ITR3
- ERRROR IN ITR2 FILING
- GSTR ITC relationship
- Hash value error indicated whilst validating itr 2 online
- FNO loss set off with STCG
- Regarding Hackathon Prize W-8BEN Form Tax Treaty Benefit & 115BB/115BBJ
- Excess Interest paid on TDS challan- Can it adjusted against tax payable
- RECEIPT NUMBER OF EARLIER STATEMENT FILED FOR FORM 26Q- PREVIOUS TDS RETURN FILED FOR F.Y.2017-18_Q4
- Regarding ITC show in Electronic Credit Reversal and Re-claimed Statement.
- TDS on disallowance and reporting
- Requirement of MGT-14 for resolution passed at EGM for appointment of auditor
- ICWAI-Final
- Gratuity Fund Audit & ITR
- RCM gst liability and return query
- HSN details in Table 12 for gstr1
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
