Long term capital gain on residential house & section 54

Hi 

If somebody is not deposited money in Capital gain Saving deposit scheme  out of sale of Long term residential house property before due date of filling of return( he is filled belated return) but invested amount after due date of filling return but before 2 yers form sale of house property

is he is eligible for section 54 exemption if he is no deposited amount in savin gscheme but purchase another residential house property within 2 year ?

kindly asnwer 

Replies (1)

no he is not eligible for section 54 exemption...

he needs to deposit the amount in deposit scheme within six months from sale.

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