Last month, I sold a 15-year old property and planning to purchase a residential property next financial year.
Is it mandatory to move the fund to a "Capital Gain Account" before 31st March to get the tax exception?
Menu
Enquiry about Capital Gain Account
Replies (2)
Quick Summary
Capital gain has to be invested in a Capital Gain Account scheme before the due date of filing IT Return to avail deduction u/s 54
Jinu J
Yes you have to deposit your capital gain into capital gain account scheme on or before the due date of ITR I.e. 31st july to avail deduction u/s 54
Yes you have to deposit your capital gain into capital gain account scheme on or before the due date of ITR I.e. 31st july to avail deduction u/s 54
Recent Topics :
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
Related Topics :
CAclubindia
