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Capital gain deposit account

Others 263 views 3 replies

Prashant Sharma

84 Points Posted on 30 March 2021

Sold residential house on 23/11/2020.(FY 2020-21)
New residential house is yet to be purchased , it will be purchased with in 1 year time to claim exemption u/s 54.
What will the last date to deposit the amount in capital gain account??

Replies (3)

Vijaya Holla

8 Points Posted on 30 March 2021

With in 6 month from date of transfer need to deposit in capital gain account.

CMA Poornima Madhava

CMA

13117 Points Posted on 30 March 2021

As I understand, you are required to deposit unutilized capital gains in the capital gains account before furnishing return of income.

Prashant Sharma

84 Points Posted on 30 March 2021

Thank you for the guidance.

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