consequences of belated returns

 no such person is not eligible to avail any exemption u/s 54 if he did not deposited the capital gain into Capital Gain Account Scheme  on or before due date specified u/s 139(1),  where he files belated return u/s 139(4) then also he is not eligible to avail exemption because belated return cannot substitut the original return........

kapil is right........!!

very gud answer............................