CAPITAL GAIN

Dear Vikas Sir,

Sec 54 B - requires assessee to deposit the amount of CAPITAL GAIN

Sec 54 F - requires assessee to deposit NET CONSIDERATION

Literal reading says that above amounts should be deposited before the due date of furnishing return u/s 139.

Since in this case the above condition is not fulfilled therefore exemption will not be allowed.

We have so many examples of similar hardships- eg - employee retired in March & his Gratuity becomes due in March itself However the same is received by him in April, now in this case employee is not entiteled to the exemption u/s 10

AGREE WITH MR. AMIR

Argee with Dear Amir Brother.......