Kumaran Durairaj 21 September 2021
Dhirajlal Rambhia (SEO Sai Gr. Hosp.) 21 September 2021
Yes, You can claim entire amount of Rs.40 lakhs as deduction u/s. 54F, provided you deposit the balance amount into Capital gain deposit account of any scheduled bank, before filing the return for AY. 2021-22. The deposited amount should be used in the construction of residential house, over the said plot.
P.S. Assuming all other conditions of the section are fulfilled.
veerendar singh (tax consultant) 21 September 2021