Capital Gains Exemption u/s 54F : Last Date of Filing Tax Return Important !

1
1647
Print Friendly, PDF & Email

Capital Gains Account Scheme can be used by a tax payer to deposit the amount of gains or sales consideration received on disposal of a capital asset for which he/she /it desires to get capital gains exemption u/s 54 or 54F of teh Income Tax Act. It has been provided in section 54 or section 54F that where the amount could not be used before the date of filing of return , the amounts can be deposited inĀ Capital Gains Account Scheme. Those readers are unaware about section 54 , please watch a 5 minute video tutorial on section 54.

Comments are closed.