New investment in assets before 31/07/2019 in case of ltcg

C.S.MADHURANATH (PROPRIETOR) (98 Points)

25 July 2019  

A PERSON HAVING LONGTERM CAPITAL GAINS COULD NOT INVEST FOR CLAIMING EXEMPTION UNDER SECTION 54/54F, HE CAN DEPOSIT THE AMOUNT IN A CAPITAL GAINS ACCOUNT IN A NATIONALISED BANK BEFORE THE LAST DATE OF FILING RETURNS ie., FOR AY 2019-20 BEFORE 31/07/2019.

NOW THAT THE LAST DATE HAS BEEN EXTENDED UPTO 31/08/2019, WHETHER BYDEPOSITING IN CAPITAL GAINS ACCOUNT BEFORE 31/08/2019, WHETHER HE CAN CLAIM EXEMPTION UNDER SECTION 54/54F?

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