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Capital gain sec.54 exemption?

Tax planning 751 views 4 replies

Want to know the time limit for deposit of Capital Gain in the Capital Gain Account Scheme. Is it within 6 months of sale or before due date of filing of return?

Flat is sold in Jan 2012..

Plz reply only in terms of section/explanation reference or caselaws

Replies (4)
Before the due date of filing the return i.e 31.07.2012.Read sec 54
deposit before the due date of filling of return.

condition of 6 month of sale is with sec 54EC only

otherwise due date if ITR in your case it is 31/july/2012

Agree with Ankush.


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