Hello everyone.
As income tax filling date extended till July, so also the benefit for capital gain tax investment also extended for the year or it only be considered upto 31 St March 2021 investment in such accounts or if we invest later in April can we get benefit ?kindly advice.
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Capital gain tax investment
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Time limit to open CG deposit account would the up to the due date of filing of ITR. So account can be opened anytime before the due date of filing of ITR (for AY21-22 due date is 30th Sep instead of 31st July)
Thank you mam if you have latest notification or guideline regarding it kindly provide as many people still confused in this subject.
Refer rule 4(4) of Capital Gains Accounts Scheme, 1988.
Here is the link: https://www.incometaxindia.gov.in/pages/rules/capital-gains-accounts-scheme.aspx
Thank you mam
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