Availing 54f benefit but filing itr after 31-july

501 views 2 replies

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

 

 

Replies (2)

No he will be not denied teh exmeption, as he has properly invested in CAGS on or before the due date of filing the return.

No worries he will get an Exemption U/S 54 F.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details