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Income Tax - Highlights / Catch Notes

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Deduction u/s 54F and 54B - investments were been made after the ...


Deductions u/ss 54F and 54B Valid if Investments Made Before Filing u/s 139(4.

August 17, 2019

Case Laws     Income Tax     AT

Deduction u/s 54F and 54B - investments were been made after the due date for filing of return of income u/s 139(1) but before the filing of return u/s 139(4) - when the entire amount which was subject to capital gains tax has been utilized before the filing of return of income, then the deduction u/s 54F and 54B cannot be denied - deduction allowable

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