shalini (CA) (525 Points)
25 July 2019Hi,
My client has sold a residential house and re-investing in another house in order to claim exemption u/s 54. Capital gain needs to be deposited in capital gain account scheme before the due date. Now that the due date has been extended,does it mean that assessee can now deposit the money in CGAS before 31 august.
Thanks.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 26 July 2019
No. The last date remains same which is due date of filing return as per sec. 139(1) of IT act.
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