Sirs,
A Client has sold Urban plot of land in June, 2012
Has an ownership flat.
from Sale proceeds of urban land, investing Capital Gains in Capital Gain saving Account
in Nationalised bank before 31-July-2013, and taking benefit u/s. 54F for reinvesting in residential house/Flat. within 2 years.
But would be filing ITR after 31-July-2013 but certainly before 31-03-2014.
Hope he would not be denied section 54F benefit, will he? Kindly advice.
Thanking you,
Valerian Dsouza
CAclubindia
