Capital Gains Sec-54, Income Tax

[gowrav potluri]

Is any relief is provided to Assessee regarding time limit specified in sec54 for purchase of residential house property with in 2 years of sale of old property. Agreement to sale is made within 2years but sale deed is made on later . Can assessee claim exemption regarding this?

Posts / Replies

[Ganeshan Kalyani]

You can invest the proceeds into Capital Gain Deposit Accounts Scheme as per section 54 in order to get exemption in income tax. Thanks.