03 August 2012
Dear Expert, Does the extension of last date for filing return of income give little time for doing the investment in residential property against capital gains on sale of residential house property till 31st Aug 2012?
03 August 2012
The benefit will be granted to those who are claiming exemption U/s 54/54F by purchasing a house till the extended Due Date i.e. till 31.08.2012.
04 August 2012
the provision provides that If the assessee was not able to invest in the house property till the due date Then to claim exemption and to invest in the future for Claiming exemption The assessee can invest in the Capital Gain Account scheme But if you have utilized the amount before the due date (or Extended due date )then you don’t need to invest in the Capital Gain Account Scheme
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