Deemed Capital Gains - Exemption U/s. 54F

This discussion addresses claiming exemption under Section 54F for capital gains when the purchase of a new property was delayed due to the COVID-19 pandemic. Although the investment was made in a Capital Gains Scheme Account, the assessee couldn't buy the property within the stipulated time. The query is whether exemption under Section 54F can still be claimed on the deemed capital gains that will be taxed in AY 2022-23.