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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Eligibility of exemption u/s 54G - deposit of unutilized capital ...


Assessee eligible for exemption u/s 54G for depositing unutilized capital gains within Section 139(4) timeframe.

March 4, 2017

Case Laws     Income Tax     AT

Eligibility of exemption u/s 54G - deposit of unutilized capital gain that was deposited in a specified account as laid down in Sec.54G(2) on 30.3.2010 by the Assessee - if deposit of unutilized capital gain is made within the time limit made in Sec.139(4) of the Act, the deduction cannot be denied to an Assessee. - AT

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