Capital gain deposit account

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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??
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On 30 March 2021 at 12:17 Report
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Quick Summary
If you've sold a residential property and plan to buy a new one within a year to claim exemption under Section 54, you need to deposit the unutilised capital gains. The deadline for this deposit is generally within six months from the date of property transfer or before you file your tax return, whichever is earlier.

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8 Points Posted on 30 March 2021
With in 6 month from date of transfer need to deposit in capital gain account.
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On 30 March 2021 at 12:36
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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.
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On 30 March 2021 at 13:16
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84 Points Posted on 30 March 2021
Thank you for the guidance.
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On 30 March 2021 at 13:27

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