Capital Gain Exemption

RahulSarawgi (Partner) (37 Points)

15 August 2020  

Agar mera client june 2019 me ek property liya tha and av ek property sale kr raha hai aug 2020 me toh capital gain jo hoga av wala me wo adjust ho jayega kya pehle wala purchase me (since 1 year has passed) ye notification ke chalte ?

 

The date for making investment/ construction/ purchase for claiming roll over benefit/ deduction in respect of capital gains under sections 54 to 54GB of the IT Act has also been further extended to 30th September, 2020. Therefore, the investment/ construction/ purchase made up to 30th September, 2020 shall be eligible for claiming deduction from capital gains.