hi
Scenario:
Client is partner in a firm, which is under audits so due date for filing ITR is 30sept.
Now client has sold shop in sept 17 and he is planning to invest in new residential property to avail exemption u/s 54F.
However he has still not purchased the property, so if he purchases property before 30th sept, can he tale the benefit of 54f?
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Long Term Capital Gain exemption u/54F
Replies (1)
please clarify the dates by mentioning the year..
Assuming the client has sold shop in Sept 2017, client has to purchase property before the return filing date or deposit that amount into CGAS account to avoid LTCG
Assuming the client has sold shop in Sept 2017, client has to purchase property before the return filing date or deposit that amount into CGAS account to avoid LTCG
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