New investment in assets before 31/07/2019 in case of ltcg

Tax queries 121 views 1 replies

A PERSON HAVING LONGTERM CAPITAL GAINS COULD NOT INVEST FOR CLAIMING EXEMPTION UNDER SECTION 54/54F, HE CAN DEPOSIT THE AMOUNT IN A CAPITAL GAINS ACCOUNT IN A NATIONALISED BANK BEFORE THE LAST DATE OF FILING RETURNS ie., FOR AY 2019-20 BEFORE 31/07/2019.

NOW THAT THE LAST DATE HAS BEEN EXTENDED UPTO 31/08/2019, WHETHER BYDEPOSITING IN CAPITAL GAINS ACCOUNT BEFORE 31/08/2019, WHETHER HE CAN CLAIM EXEMPTION UNDER SECTION 54/54F?

THANKS

Replies (1)
due date has been extended by notification and last date for cap gain saving scheme is due date mention in 139(1) , hence there is no change has taken place in sec 139(1) it shall remain the same

accordingly last date for depositing in cap gain saving scheme shall be remain same 31st july ..


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