Sold residential house on 23/11/2020.(FY 2020-21)
New residential house is yet to be purchased , it will be purchased with in 1 year time to claim exemption u/s 54.
What will the last date to deposit the amount in capital gain account??
3 Replies
Vijaya Holla
(8 Points)
Replied 30 March 2021
With in 6 month from date of transfer need to deposit in capital gain account.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 30 March 2021
As I understand, you are required to deposit unutilized capital gains in the capital gains account before furnishing return of income.
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