Utilization of sale proceeds
This query is : Resolved
13 July 2015
Hi,
I want to know that if anybody use the Sale proceeds of a House property in some other investments or for personal and before the Due date of return expires, He deposits in Capital Gain Account Scheme. Whether He will get the benefit of Exemption u/s 54 or it leads to violation of Law in anyway.
I want to know that if anybody use the Sale proceeds of a House property in some other investments or for personal and before the Due date of return expires, He deposits in Capital Gain Account Scheme. Whether He will get the benefit of Exemption u/s 54 or it leads to violation of Law in anyway.
13 July 2015
He is complying with the requirements of section 54, he will get the benefit of exemption.
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13 July 2015
Hi Priyanka -
its not violation and he will get the benefit of exemption
its not violation and he will get the benefit of exemption
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