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Deduction under chapter via of income tax

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16 April 2014 Dear All,

I want to file the belated Income tax return for the A.Y. 2008-09 onwards in the income tax assessment notice. In this case, I want to claim section 54 exemption in the income from capital gain & also the deduction under chapter VI a of Income Tax Act, in the specified each year of filling returns.

Can I take the benefits of this exemptions & deduction in the income tax return????

Please Reply.......
Thanking You.....

16 April 2014 Yes, you can take that benefits.

OM SAI SRI SAI JAI JAI SAI

02 October 2021 For sec. 54 exemption some specific conditions are there. If those are satisfied, you can avail deduction; so check properly.




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